AMZN, Amazon has had very good run up. It has broken above its consolidation and
It has approached a resistance point from its previous H&S pattern and its about to reverse for at least 7-9 days. It follows a certain DNA of 21 days leg up and which has run out and rather extend and on borrowed time.
Serious correction is expected. May and June out of the money PUT options ($195, $190 strikes) is a low risk high reward strategy.
Price target is $190-$192
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