I wanted to do something a little different this morning. I wanted to do a deep dive, as meaningless as I think they are, into Amazon and why I think there is an opportunity to make ALOT of money in the coming years. As you know I was a staunch Amazon bull 2 years ago, obviously when the chart broke down last year, I moved aside, that was last april in this tweet below.
So look at my book I posted yesterday, you can see the -400 calls for next week at 121. When you're long calls, you're just leveraged long shares. I'm selling calls vs the long calls. That way I can make some income week to week, reduce my cost basis more, and still be long Amazon.
I hope your father feels better. Thank you for your knowledge. Best of Irish luck to you.
Thanks John!
Thank you for the insights on Amazon. Our prayers are with your father on a successful transplant and recovery!
James - I just caught up on this article. Best wishes for your father. Hope he is on the mend.
Thanks for the Amazon write up.
Thank you!
Thanks for the deep dive! Noob question but how do you sell weekly covered calls when you don't have any shares?
So look at my book I posted yesterday, you can see the -400 calls for next week at 121. When you're long calls, you're just leveraged long shares. I'm selling calls vs the long calls. That way I can make some income week to week, reduce my cost basis more, and still be long Amazon.