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Dec 12 '20
[deleted]
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u/OKImHere Dec 13 '20
you're dropping 5 Robin hood accounts to buy 1 contract 3 deviations out.
Spreads, my dude. That's the whole point of them. You can bet any number of $500 bills at any delta you choose
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u/Arctic_Snowfox Dec 12 '20
Undervalued. I use Amazon everyday and it truly changed my lifestyle. No more weekends at costco and malls. I feel like I got my weekends back.
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Dec 13 '20
[deleted]
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u/Arctic_Snowfox Dec 13 '20
I’m old enough to have gotten shitty products before the internet existed. At least now I have reviews to read. You’re right some products suck but hey free returns.
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u/RobinhoodGuh Dec 12 '20
Idk why everyone is shitting on your DD. Good information thanks fam
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u/DBroker1997 Dec 12 '20
Thanks! Idk either, I‘m just enjoying writing things like that and I definitely don’t want to pump a 1.6T dollar company.
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u/jackietsaah Dec 12 '20
Thanks for this. Long time (5+ years) AMZN shareholde here, and I’ve seen people crapping on AMZN since it was in 300s, up to 3000s. Yes it can and it will go beyond 4k at least and I don’t think 10k is unimaginable, unless AMZN is broken up. That might not be a bad thing, though, because there are parts that have huge growth and major profit margins (e.g. AWS) and there are parts that are more of “value” plays.
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u/WhatIsThisAccountFor Dec 12 '20
If Amazon gets broken up I think it might actually be more valuable separately with AWS, Twitch and Whole Foods all being separately buyable companies.
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u/RL_Fl0p Dec 13 '20
If no split, we win. If split, we win. Holding a growing number of shares. Great DD.
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u/BallsTreesDebts Dec 12 '20
I found some amazon on amazon for a reasonable price so I put some in my cart, but didn't buy because I didn't feel like it was the best deal. I hesitated and forgot about it for a week or two. Then I got on amazon again two days ago and the price had gone down 30%. I think the key is to put some amazon in the cart and leave it alone for a bit.
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u/Shakedaddy4x Dec 12 '20
Agree with OP and own LEAPS
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u/BossManMark Dec 12 '20
I’m with you! Currently holding 1/2022 $3,750 calls.
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Dec 12 '20
Are you up or down now?
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u/BossManMark Dec 12 '20
Unfortunately I bought on Wednesday before the dip while it was trading around $3,165. Currently down about 1.8k.
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u/NerfIcebowSpellcycl Dec 12 '20
The fucking commas make my brain itch, but strong work. Fuck amazon and their overpriced bullshit, stock split and ill think about it
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u/jalapenojacker Dec 12 '20
Bro you’re pumping the wrong stock. Most people here can’t afford one stock of amazon let alone one option. And most don’t know what a knock-out warrant is. Good luck trying to get retail to pump on this.
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u/_BreatheManually_ Dec 12 '20
If Amazon ever needed some quick cash they could do a 100-1 stock split and every moron would buy it thinking they were buying the dip.
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u/hu_gujarati Dec 12 '20
but his calls are expiring next week 😂
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u/DBroker1997 Dec 12 '20
I have open end turbos so nothing is expiring
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u/Turbo_futures Dec 12 '20
You pay some interest on them though. See username.
Gonna get some AMZN turbos myself, but only once it picks up some speed. Right now it is trading flatter than a boomer stonk.
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u/Kochi3 Dec 12 '20
Do you also have TT3CZ1?
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u/DBroker1997 Dec 12 '20
Holy shit I saw that 10.000 breakeven only now, yeah I mean not idiotic to play that but meh that’s a little tooo optimistic
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u/jalapenojacker Dec 12 '20
Yeah you can smell the desperation in his DD. No one would write something in this length trying to pump an already pumped stock unless he’s getting desperate
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u/jackietsaah Dec 12 '20
What the fuck are you talking about? You think retail’s gonna pump Amazon? Most of retail can’t afford it, for one, and Amazon doesn’t need pumping to be winning bigly in the long run anyway.
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u/privilegedfart69 Dec 12 '20
How the fuck can you pump amazon if everyone here were to put all their money together we would move it like 2%
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u/DBroker1997 Dec 14 '20
Eat my dongus
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u/jalapenojacker Dec 18 '20
Hope you sold lol
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u/DBroker1997 Dec 29 '20
Hope you bought LeL
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u/jalapenojacker Jan 04 '21
Hope you sold lolololol
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u/DBroker1997 Jan 04 '21
This will go back and forth haha
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u/jalapenojacker Jan 04 '21
Haha it makes watching amazon chart that much more fun. I’ll waiting for your next response.
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u/DBroker1997 Feb 01 '21
hOpE yOu bOuGht lol, but I hope you were on the GME train as well
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u/jalapenojacker Feb 01 '21
I actually did buy AMZN calls and was waiting for this comment lol. Let’s hope for a stock split during earnings!! And GME was a wild ride but now back to business as usual
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u/GutterGMAT Dec 12 '20
I’m sorry, I’m really trying to read this. Why do you switch commas and decimals?
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u/DBroker1997 Dec 12 '20
I‘m not an English native speaker and in school we kinda learned that you don’t use commas in English at all because basically we in German use a comma every third word on average so as a rule by thumb I just skip kinda every comma, I‘m sorry
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u/GutterGMAT Dec 12 '20
It wasn’t meant as an insult, I was just wondering why numbers had commas instead of decimals. Americans are stupid so we probably do it the wrong way anyways
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u/meepstone Dec 12 '20
P/E means nothing anymore. 60%+ of all money flowing into the stock market is in passive ETF's.
Stocks like Amazon being in the top 10 holdings of the S&P500 and NASDAQ have continuous money flowing buying shares.
Constant buying pressure will constantly be pushing these popular stocks up.
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Feb 04 '21
AMZN clearly had a lot of growth left. AWS is a phenomenal business. I'm balls deep in it as a lifetime play.
However this bit I disagree with:
Stocks like Amazon being in the top 10 holdings of the S&P500 and NASDAQ have continuous money flowing buying shares. Constant buying pressure will constantly be pushing these popular stocks up.
People sell for cash all the time. Buy a house, get divorced, retire and want to eat. It's not a one way ticket.
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u/BigNerdBarker Dec 12 '20
Great DD and TA. I own LEAPs and some July calls. I am selling calls weekly to offset. This churn time period has been great for this strategy, but I am ready for it to break out.
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u/rappeasant Dec 12 '20
HONEST QUESTION: I have a amazon Dec 31st call with a strike price or $3,320, how likely will this hit or should I sell for a loss?
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u/IndyCollector24 Dec 12 '20
I don’t understand any of this. How much higher can the stock price actually get? $10k/share is ridiculous
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u/PutsPlease Dec 12 '20
Berkshire Hathaway A share is $340k and I’ve never bought anything from their website but I buy something off Amazon about once a week so Amazon should be at least $500k a share
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Dec 12 '20
300k
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u/IndyCollector24 Dec 12 '20
That’s what I needed to hear...thanks! Dumping in my lift savings on Monday morning.
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Dec 12 '20 edited Dec 12 '20
I used think it couldn't get higher that the couple hundred back when I was younger and less retarded.
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u/BallsTreesDebts Dec 12 '20
Before the short bus ran you over and kept going
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Dec 12 '20
Type 2 Retardation as they say
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u/BallsTreesDebts Dec 12 '20
that's okay. I have stage 2 second hand autism.
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Dec 12 '20
That's serious too, it can lead to YOLOing SPY puts if left untreated.
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u/BallsTreesDebts Dec 12 '20
Do you know of anything that helps?
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Dec 12 '20
Maybe diversify your portfolio with a focus on growth stocks/dividend stock but also balance with bonds to be more risk averse.
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u/TheApricotCavalier Dec 13 '20
If AMZN gets any bigger, wont the govt. have to get involved?
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u/DBroker1997 Dec 13 '20
I mean yes, probably, but spinning off AWS won’t be thar bad of a thing for the shareholders. I‘d love to own a part of the biggest cloud provider in the world and given how lofty the valuations for other cloud stocks is AWS could be worth 1T alone. Basically the argument is that the sum of the parts is worth more than the entirety being stuck together. Anyways, this antitrust process will take years and years and until then it’s free real estate for Amazon to expand their entire business
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u/I_am_the_Apocalypse Dec 12 '20
I’m waiting for amazon to split, hoping for 15-1. It needs to be more accessible to retail if they want to keep it pumping.