Buying Swing: buying 210 weekly puts at .51-.58 OVERSIZED

[MMASSASSIN]

Buying Swing: buying 210 weekly puts at .51-.58 OVERSIZED initial entry into a new swing bearish play on AMZN. has held up well after its last earnings but with the market losing its footing again with the bellow 134.70 area resistance area, and markets losing the 100 day moving average . If the market has bearish follow trough then the possibility of a big fall all the way to the earnings gap cover of 195 is very possible. The way I see it AMZN unlike others has not fallen and is uniquely placed for a big retracement if it was to lose its footing so could serve as a hedge on any bullish bets made this week. as I send this SPY has moved up as we expected so looking for entries here on 535 puts swell here using the intraday bounce as a bearish opportunity.

This trade is one part of a larger strategy so please look back at Previous posts to see the whole picture. AND IF YOU ARE NEW, PAPER TRADE FOR AT LEAST A FEW MONTHS because this is ADVANCED OPTIONS TRADING !!