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| Courtesy: Livevolpro.com |
No position at this time. Position declarations are believed to be accurate at time of writing but may change at any time and without notice.
Tuesday, March 29, 2011
Deep in the Amazon.com, Inc. - High in the CLOUD - AMZN
The big news today was Amazon's announcement about its cloud. Traders spent approximately $2mm on Amazon.com (AMZN) options today to accumulate a net of 244k deltas, as the stock was up $5.27 or 3.1% today at the close. It ran right up against its 50 day moving average, which is shown as the red line below. Check out daytradenumbers for all your important price levels.
No complex spread trades stood out on the tape, but i will point out that the skew is slanted toward downside risk, opening the door for a risk reversal type spread where a trader might sell put premium and buy comparatively cheaper call premium. If you are bullish after today's big news, then you might be inclined to try a spread like this.
No position at this time. Position declarations are believed to be accurate at time of writing but may change at any time and without notice.
No position at this time. Position declarations are believed to be accurate at time of writing but may change at any time and without notice.
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