I just wanted to send out a note today because I just made the move a few minutes ago, you can see it in the days volume but I rolled out of the 929 leaps I had in Amazon for January 2026 at $130 and I closed the short $200 calls I had in January 2025 at $200.
I rolled into June 2026 $170 calls and I sold short January 2025 210 calls you can see all the volume 1450x.
Again just trying to stay transparent on what I’m doing, I still maintain Amazon will be the trade of the next 24 months, just upping my leverage into the trade that is all. Anyways figured I’d note it so you could verify it in the volumes today instead of tomorrow. Yes I know, I’m nuts. As I’ve said before in your trading account, that is ok, do not do this with your portfolio or funds you need ever.
Have a great rest of your day and I will see you tomorrow.
James, with the increase leverage would it be fair to say you're more bullish because of the Amazon AI play? Thanks.
I'm glad to see that you did that. I originally had some high-strike leaps, which I traded for 135 leaps. I was worried that since OTM Leaps are all premium, one could be left with nothing even if AMZN does reasonably well. As it is, 170 Leaps don't start making a profit until AMZN reaches nearly 200!