Kevin Kelly's Amazon Trade Ahead Of Earnings

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Kevin Kelly of Recon Capital Partners shared with the viewers of Bloomberg Markets his bullish trading idea in Amazon.com, Inc. AMZN ahead of earnings.

The company is going to report earnings on Thursday and Kelly wants to sell the May 5th, 892.50 strike put and use the proceeds to buy the May 5th, 910/950 call spread. He would make money, if the stock closes above $910 at the May 5th expiration and he can maximally make $40. If Amazon drops below $892.50, the trade is going to lose money.

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Posted In: OptionsMarketsMediaTrading IdeasBloomberg MarketsKevin Kelly
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