Profit On Amazon Moving Either Direction With This Low Cost Strategy


  • Bullish but cautious on Amazon with earnings on deck.
  • Consumer disposable income is dropping which could lead to headwinds despite the dovish fed announcement.
  • This option play can profit no matter which way price action moves.

Amazon fulfillment center building in Las Vegas

4kodiak/iStock Unreleased via Getty Images

Happy earnings week everyone! I don’t know about you, but I am ready for this bear market cycle to ease up. The Fed meeting this week seemed to put the market in good spirits sending the S&P

Amazon weekly stock chart


Amazon weekly chart highlighting support resistance zones


Optionstrat Amazon double calendar spread


Option strategy Amazon double calendar spread


Disclosure: I/we have a beneficial long position in the shares of AMZN either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

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