Amazon.com
Short
Updated

AMZN Short

297
Previous Support became resistance, 2320
2050 is strong support.
Downtrend Consolidation between 2050 to 2320

Earning 4/28/2022 Estimate 8.35, reported -7.56
Next Earning 7/28/2022 Estimate 3.41

Short 2150
Stop 2320
Target 1900, 1600

Risk management is much more important than a good entry point.
I am not a PRO trader.
In my trading plan, the Max Risk of each short term trade should be less than 1% of an account.
Trade active
Buy Put Butterfly Sep P1500/1600/1700
Limit 4.00
no Stop in option
Trade closed manually
Closed 4.2. make even.
I didn't know split plan. After Split, the old options will be hard to trade.

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