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Amazon.com
Long
Updated

AMZN will eventually fill these - my strategy

526
If AMZN does a similar move to NVDA or META, I fully expect some obvious gap fills. Not a matter of IF, but a matter of WHEN.

1st tgt: $125.25
2nd tgt: $163.27

If market doesn't sell off hard, I will sell cash secured puts of AMZN until these gaps are filled.
Note
To be clear, this could take months. But that's ok. As long you generate consistent income, and manage your risk, you should be fine.

If these puts are filled and you got shares assigned - you sell a covered call.
Note
Needs to hold ~102, if not it's going to ~$98.
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Beyond Technical Analysis
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Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.