Special Alert: Trimming Back our Amazon Call Position
KEY POINTS FROM THIS SPECIAL ALERT:
- We are selling half the Amazon (AMZN) January 2018 1150 calls (AMZN180119C01150000) that broke $76.62 this morning, generating a gain of more than 135% over the last 7 trading days.
- We are also boosting our stop loss to $55 from $32.50.
Earlier this morning, we posted a special alert to Tematica Investing, which digests all the data coming out Thanksgiving weekend, the official kickoff to the 2017 Holiday Shopping Season. We also included a special bonus alert letting all subscribers see the big Options+ win we’re banking this morning on our Amazon calls. You can read that full alert here, but we also wanted to make sure we sent it directly to you as well, so here goes . . .
Being Prudent Investors and Taking Big Gains in our Amazon Calls Off the Table
As the confirming holiday shopping data is coming in, we’re seeing Amazon shares respond accordingly and that is propelling the Amazon (AMZN) January 2018 1150 calls (AMZN180119C01150000) higher this morning. As we share today’s thoughts with you the AMZN calls are trading past $76.62, which equates to a gain of more than 135% since we added the position just 7 days ago to the Tematica Options+ Select List. As much as we like quick gains, we also like to be prudent and in this case, that means trimming the position back, while leaving a portion intact to capture additional gains to be had this holiday shopping season.
- We are selling half of the Amazon (AMZN) January 2018 1150 calls (AMZN180119C01150000) that broke $76.62 this morning, generating a gain of more than 135% over the last 7 trading days.
- As we make this trade, we are also boosting our stop loss on those calls to $55 from $32.50, which should ensure a profit of at least 69% on the remaining call position.
