Market Overview

Mike Khouw's Amazon Options Trade

Share:
Related AMZN
Gene Munster Talks Apple, Amazon-Target, Tesla On PreMarket Prep
Loud And Clear: Sonos Boasts High Demand In Q4 Print
MSC Industrial Looking To A Restructured Sales Effort To Drive Better Results (Seeking Alpha)

Mike Khouw suggested on CNBC's "Options Action" a bullish options trade in Amazon.com, Inc. (NASDAQ: AMZN).

The stock crossed $2,000 price mark and it reached its all-time high last week. Khouw thinks it might continue to move higher and reach the market cap of $1 trillion. He wants to use options to make a bullish bet. Specifically, he wants to buy the October 2,050/2,100 call spread for a total cost of $18. The trade breaks even at $2,068 or 2.77 percent above the current market price and it can maximally make a profit of $32.

Posted-In: Mike Khouw Options ActionOptions Markets Media

 

Related Articles (AMZN)

View Comments and Join the Discussion!

RH Q2 Earnings Preview

EA, Discovery, Halliburton, Square: 'Fast Money' Picks For September 4