CLOSING the - $AMZN Options Action trade (mike)

18may - will be a total loss.. mike took a shot, got direction wrong , stock did not rebound, risk less to make more. not even anyway to salvage a trade like this the way the stock ran.

loss of $190 per lot

google docs spreadsheet of Mikes OptionsAction trades: Mike spreadsheet




------------------------------------------------------------------------------------------------------
24 apr - on tonights show, video here video , mike recommends a put calender on amazon

Sell the Apr weekly 185 put
Buy the May 185 put
total debit $190 per lot

i like the trade , mike said options are pricing in a 14dollar move. i would wait to put this on till thursday before earnings and base strikes on where stock is then..could be 10 bucks higher or lower by then.