$AMZN Amazon Earnings Tomorrow After The Bell

Amazon Reports earnings tomorrow after the bell.  Reporting at the end of the week opens the door for somewhat cheaper weekly option prices.  But lets say the obvious, $AMZN options right now are priced through the roof.  The market is pricing in an over $20 move.

$AMZN options have worked out great in the past.  But it is a lot more profitable trading for a move, when no one else sees that move coming.  When the entire market is pricing in a 6%+ move... your going to pay for a chance to play.

To give you an idea of the mark up, the $400 calls are going for $1.00.  You would need $AMZN to move over 10% to get those options in the money.  But hey.... you never know.

I may look for a few contracts into tomorrows report, but the real fun will occur at the open on Friday.

Known 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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