Buying for the long term while price is below fair value. Expecting AMZN to catch up on the action soon as its earning call is in few weeks time(30th October). I used some of the AMZN premium from bull put spread I collected for this purchase. Hence I will benefit both from the trade profit and capital gain & dividend from AMZN.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
- Wade Shaw·10-07TOPYou locked profit from spreads, but why not keep some for volatility?1Report
- Merle Ted·10-12America will find someplace to blow their future earnings. Hopefully Treasury is doing some insider trading with these overreactions to Trump actions. So many buying opportunities this week1Report
- Megan Barnard·10-07AMZN below fair value + earnings near—long-term upside looks solid!1Report
- Ron Anne·10-07Using AMZN put spread premiums to buy—this “double-benefit” play is smart!1Report
- Mortimer Arthur·10-12I will start buying some Amzn with this price 214.75 support1Report
- ClarenceNehemiah·10-07Smart move1Report