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Economy

rdking647

(5,113 posts) Tue Jan 31, 2012, 04:47 PM Jan 2012

todays trade

sold puts against my short amazon position,expiring friday. sold the 180 straike.
good earning and it will cover some of my loss.
bad earnings and it will limit my profit but ill get short more stock .
either way i may have to trade AMZN after the close

2 replies

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todays trade (Original Post) rdking647 Jan 2012 OP

poor earnings rdking647 Jan 2012 #1

decided to try and short more at 180 to cover my puts. rdking647 Jan 2012 #2

rdking647

(5,113 posts)

1. poor earnings

Reply to rdking647 (Original post)

Tue Jan 31, 2012, 05:06 PM

Jan 2012

missed on revenue,poor guidance.
the stock is trading 175. based on my option trade,(short the 180 puts at 3.85) my maximum gain will occur at 176.15. I have to decide if I want to get short more to maintain my position,otherwise i will be assigned the stock on friday

rdking647

(5,113 posts)

2. decided to try and short more at 180 to cover my puts.

Reply to rdking647 (Original post)

Tue Jan 31, 2012, 05:24 PM

Jan 2012

currently unable but im a little patient

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