Friday, March 9, 2012

$AMZN setup 9 mar

not seeing anything compelling that makes me want to get into an APR credit put spread now. broke the 50day yesterday but Amazon has been in range for few months, would really need break about 200 to get out of that range..only setup i see for the moment is if it pulls back to test the high volume low in end of jan down to near 174..then will price out some spreads. im not into initiating iron condors but if you have to then keep the calls above the 200day and puts below the 168ish low from early Jan