$Amazon.com(AMZN)$ Price closed below the 50MA (181.96) signaling further weakness ahead. Unless price can reclaim that 50MA I would remain bearish down to that level. Two trade ideas:
Sell 11OCT 185/190C for 1.25. Close if price closes above $185 on the daily. This is about a 200% ROR.
Buy 11OCT 180/190P for 6.26. Close if price closes above $185 on the daily. This is about a 260% ROR.
Caveat if price just rips after NFP, then obviously don't open these. These premiums are as of the Thursday close so you can aim for better entries depending on where price opens. Will update when I get in.
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