Add to AMZN Calls
Lower Cost Basis
PLAY: Buy more AMZN April 135 Calls (O:AMZN 10D135.00) at market, good for the day. Adjust your protective stop limit to $2.10 and maintain your sniper sell at $6.00.
Dear Bottarelli Research Member,
Similar to our play on Green Mountain (GMCR – NASDAQ), shares of Amazon.com (AMZN – NASDAQ) are touching a near-term support level. Therefore, I’d like to use this dip to add to our AMZN April 135 Calls (O:AMZN 10D135.00). As you know, we entered these calls on March 26th for $4.20, and now we can add to them around $3.40. Let’s go ahead and add to our position now!
PLAY: Buy more AMZN April 135 Calls (O:AMZN 10D135.00) at market, good for the day. Adjust your protective stop limit to $2.10 and maintain your sniper sell at $6.00.
And as always…
Lock and load!
Sincerely,
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