Amazon setting up for a major move up or down for earnings - which direction do you think this will head? I'm really worried about jumping in to a long options trade until I see the diamond reversal disappear as a possibility. I correctly called $BA diamond reversal so I am weary of this setup so fresh in my memory still.
I bought Dec 27th 280/300/320 for .60 last Friday due to $BA not acting right - news came that they are halting production. I have been trying to enter long trades but yet news never gets any better - so I decided to switch it up and buy a put fly. The trade was trading at 3.25 this AM - I left my position on. I will cover half if stock closes green tomorrow...
