Testing my observationI have just placed $1,142,000 short on AMZN at price point $1,612.23. For low retail season and market fluctuation I strongly feel AMZN falls well below the $1600 mark. Follow the 52 week range High AMZN and low way back was $927. Thus I believe my probability of a win is 90%.
Have a a great weekend, and I do trade AMZN long after recent sharp $50 to $200 price drops. Thus I do not have to be concerned as my trade is on view of online current AMZN revenue. Consumer staples sector showing weakness.
I am slightly in green on trade. Have solid profitable week in hand. Off for weekend, enjoy yours.. Cheers Manxcan