Pre-Market Alert: Amazon Soaring
Lock in Gains!
PLAY: In the first 30 minutes of trading, sell your AMZN November 100 Calls (QZN KT) for the best price that you can.
Dear Bottarelli Research Member,
What a great morning to be an Amazon shareholder!
Yesterday after the close, Amazon.com (AMZN – NASDAQ) reported that their Q3 earnings beat the consensus by $0.12. Their $5.5 billion in revenues also beat estimates by 8.3%, coming in 27.8% higher year-over-year. On the news, shares of AMZN are soaring, up $15.71 as I write. Wow.
With a closing price “delta” of 76, my pre-market calculations show that your AMZN November 100 Calls (QZN KT) could open somewhere around $13.40 per contract. That’s a 262% gain from our average entry price of $3.70. But then again, in this market, you never know how the floor traders will price these options. So let’s do this: Sometime in the first 30 minutes of trading, go ahead and lock in the profits on your AMZN November 100 Calls (QZN KT).Sell them for the best price that you can, given the price guidelines I’ve calculated above. Congratulations on a tremendous winner!
PLAY: In the first 30 minutes of trading, sell your AMZN November 100 Calls (QZN KT) for the best price that you can.
And as always…
Lock and load!
Sincerely,
© 2012 CSR Group, LLC. All rights reserved. Published in USA.
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