Sell Alert: Take A 33% Gain on Amazon Put Spread

Sell Alert: Take A 33% Gain on Amazon Put Spread

By focusing too much on the long-term, Amazon could be over-investing. Some shareholders will applaud a long-term focus. However, not all shareholders are alike. Many will flee if it looks like Amazon is heading for one of its characteristic margin squeezes in 2022. After yesterday’s sharp sell-off, and today’s slight decline, let’s take a nice gain in this position after only three weeks.

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Sell Alert: Take A 33% Gain on Amazon Put Spread

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Dan Amoss

Dan Amoss, CFA, tracks aggressive accounting and other red flags that markets miss. He’s a student of the Austrian School of economics and Daily Reckoning fan since 2000. Agora Financial relies on Dan for macro market commentary as well as profitable plays like his 2008 call to readers to buy Lehman Bros. puts, which...

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