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» Remember when Amazon sold only books? LEAPS
11:57 AM
Well now they are in everything and are growing like a weed after a coupla rounds of steroids. Consider the below article:
http://www.marketwatch.com/story/amazon-could-jump-19-even-after-doubling-this-year-2015-12-08
I think we have the potential for a triple bagger as long as there is no stock market crash next year. If no crash, then the below could jump to 120 quite easily. Our in to get in and sit:
AMZN Jan 2017 810.000 call (AMZN170120C00810000)
-OPR
| Prev Close: | 46.30 |
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| Open: | 46.30 |
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| Bid: | 48.95 |
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| Ask: | 50.80 |
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| Strike: | 810.00 |
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| Expire Date: | 20-Jan-17 |
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| Day's Range: | 46.30 - 46.30 |
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| Contract Range: | N/A - N/A |
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| Volume: | 2 |
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| Open Interest: | 86 |
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One thing I might do is have some protective leap puts on the SPY and QQQ in case of a crash, like deep in the money.
So if you have those deep in the money puts, then you can also purchase these AMZN leaps. Because barring any crash, this stock is going to go upwards of 800. How much further I dont know, but way up there.
Tradinginsider
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