I
buy back the short vertical put spread on AMZN for a small loss
@254.5 down over 7% on the day. The loss is small in dollar terms, big in percentage terms,
especially if I add in the four commissions.
I don't like the way the
stock is trading. Some talking heads were all positive on it, despite
the poor tape action. If the over all market tone were better, I
might have held on, but I recently wrote about a storm warning for
the stock market. A big storm could capsize the AMZN boat. I took a
chance, as we all do taking a position before earnings. I lost this
time.
Long
BA LGF PG WFC TSLA
Net
long APC SPY
Net
short LEN
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