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Saturday, February 13, 2010

AMZN - Update - Daily Chart

AMZN - Has posted an inside day on the day and weekly charts, we are current looking for this stock to close the gap on the daily chart at 122.5; before the options ex on Friday. We were able to recapture the 4,20 MA and close above them both and we appear to be bouncing off a Double Bottom pattern. Appears $120 (supply) and $115 (demand) price levels are were the actions at, for now. Monday is a market holiday(closed) and Wednesday should be light volume day, so we will see how this shorten market week play's out. This is not a recommendation nor solicitation for the above stock.

Option ex: 120 strike price it the closest, so we may see the market close out the stock at that price or keep it near this level for Feb. Three days and counting.

The February 120 Call - Closed at 1.88 - Out of-The- Money
QZN100220C00120000
The February 120 Put - Closed at 2.02 - In-The-Money
QZN100220P00120000