Buy AMZN via selling a vertical put spread
selling the May 235 puts, buying May 225 puts @272.9
There was a headline story on Yahoo about Amazon being ready for a pullback. It is always risky taking a position ahead of earnings, but if anything the chart looks bullish. The vertical spread caps any loss and helps with the margin requirement on a high priced stock. The trade off is the cost of the lower put.
Elsewhere, gold continues its bounce back. One scenario is a 1987 style crash, when the stock market went up six fold after its crash. I'm not predicting, just saying there is a chance. The rally in Lennar Homes makes me net short. For now I'll hold on to both sides of the short strangle (short May 43 calls, May 36 puts).
Long BA LGF PG WFC TSLA
Net long AMZN APC SPY
Net short LEN