AMZN Call Buyers Say “Show Me The Money”

showmethemoney

AMZN blew away all earnings estimates.  The stock soared on Friday and brought all AMZN calls up with it.  When a stock like AMZN, GOOG, AAPL goes up 15% the options go up 700, 1,000% or more.

On Friday traders buying any of the calls expiring that day were able to sell for large profits.

The $220 calls from $.39 to $7.79 or $390 into $7,790.  The $225 calls from $.20 to $1.88.  Some impressive option moves.  It gets better.  Had you positioned yourself earlier in the week for AMZN earnings you had the chance to get in at even cheaper prices.

The $220 calls were selling for $.18 on Tuesday so make that $180 into $7,779 for anyone good enough to be in earlier in the week.  The $210 calls were $.65 on Tuesday and closed at $17.10 on Friday.  The $225 calls were at $.10 on Tuesday and went over $3.00 no Friday.  That's $100 into $3,000.  I don't think I need to do the math on the rest of them.  Almost any AMZN call this past week held to Friday was a "show me the money" type option trade.

This is why we trade options and a big high five to all of you who took AMZN calls to the bank on Friday.

Profile photo of uranium-pinto-beansKnown to most as Uranium Pinto Beans, Jason has more than 15 years under his belt of trading stocks, options and currencies. His expertise primarily lies in chart analysis, and he has a strong eye for undervalued stock. Because he’s got the ability to identify great risk/reward trades he usually enjoys taking the path less traveled and reaping the benefits from the adventure.

He is a co-founder of Option Millionaires, and he is best known for his weekly webinars with Scott, as well as his high level training webinars and charts found in the forums.

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