Thursday, November 12, 2009

Even more AMZN options

My limit order went through this morning.  AMZN closed UP, amazingly, to $130.54, waaaaay above what I figured it would be on this day and will be in the next few weeks.  The math:
$1,270 / 30 Jan 80 AMZN Puts = $.423/option
So my cost basis has averaged down from my initial $.53/option to $.423/option.  That is the good news.

The bad news: They are options, and they expire in just over 2 months.  I have to hope that everyone will see the (very short-term) light and sell AMZN down a bunch.  Don't know how I'll do ...

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