I opened $AMZN 20240802 175.0 PUT$ ,🏪 Amazon, the juggernaut of e-commerce and cloud computing, is currently a steal, trading at its most appealing valuation in a decade—41.2x forward earnings, far below its 10-year median of 97.3x. This enticing discount doesn't come at the expense of its prowess, especially with Amazon Web Services (AWS) dominating the cloud computing arena and expected to fuel significant earnings growth. With analysts forecasting a hefty 29.6% annual EPS increase over the next 3-5 years, Amazon isn't just knocking at the door of opportunity—it's blowing it wide open. For those keen on tech, snagging Amazon now is like grabbing a front-row ticket to a blockbuster premiere expected to thrill for years. Go go go! 👍| Side | Price | Realized P&L |
|---|
| Sell Open | 1.94 | -- Closed |
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Amazon and jungle, are they the same? 🙈🙉🙊
Selloff nearly peak. Every "rotation" turns out to be a false flag. They always come back to tech.
In the past 157 weeks (that's three years and seven days), AMZN shares have gained two dollars.
This selloff is starting to seem overblown.