Since AMZN earnings are next week and it is not breaking below its 50 day moving avg , I got a few calls today. With the markets and AMZN oversold, it makes sense to me to buy a few now and if it breaks toward 45-47 then buy some more.
If it starts going up , well then lets see.
It IV ( implied volatility ) is pretty high and will keep going up as the earnings approach.
Lets see how GOOG does today, ah as I write the earnings are out and GOOG is up , its trading at 319 or so after closing at 306.
Lets see if it holds up.
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