$Amazon.com(AMZN)$Bullish early part of the week, I've a post on $SPDR S&P 500 ETF Trust(SPY)$ finding support at the 389 level and heading back up, but what I didn't realize was this 389 level is a rather important support. It may very well help to determine that the June low was indeed the bottom of this Bear channel.
Drawing a parallel comparison to $Amazon.com(AMZN)$ it may too have found it's important support at the 125 support and reversing its course back into the Bull rally. Thus planning to sell a put at strike of 120 expiring end of Sept with a premium of $160. Am expecting this option to expires worthless comes month end.
š° Stocks to watch today?(15 May)
1. What news/movements are worth noting in the market today? Any stocks to watch?
2. What trading opportunities are there? Do you have any plans?
š Make a post here, everyone stands a chance to win Tiger coins!
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