{"id":13434,"date":"2022-06-06T15:27:18","date_gmt":"2022-06-06T19:27:18","guid":{"rendered":"http:\/\/www.mainstbeatswallst.com\/?page_id=13434"},"modified":"2022-06-06T15:27:18","modified_gmt":"2022-06-06T19:27:18","slug":"amazon-post-split-position","status":"publish","type":"page","link":"https:\/\/www.mainstbeatswallst.com\/?page_id=13434","title":{"rendered":"Amazon Post Split Position"},"content":{"rendered":"<p>I know these are not normal times for <strong>Main Street beats Walls<\/strong> but as I said before these are not normal times for the market. Hopefully soon we will be back to normal and I&#8217;ll return to posting trades. With the market as is, I really don&#8217;t feel comfortable posting the trades I&#8217;m making. I don&#8217;t feel they will be beneficial for new traders. However, I did make a trade today you might be interested in. You can see my other trades on my <span style=\"color: #0000ff;\"><a style=\"color: #0000ff;\" href=\"http:\/\/www.mainstbeatswallst.com\/?page_id=191\">Active Trades<\/a><\/span> page. I post most of them.<\/p>\n<p>On Friday, June 3rd Amazon did a 20:1 split. I normally get into a position before the split with my split strategy but I didn&#8217;t like the way Amazon was moving, plus pre-split it was a very expensive stock. As were its options.<\/p>\n<p>This morning Amazon opened at $125.24. I decided to watch the stock for a while to see how it would react to the huge split. Later with the stock at $125 I decided to buy 1 AMZN 1\/20\/23 $125 Call for $16.50. As I said I don&#8217;t like the way Amazon is moving so I went with 1 contract and I went with the Expiration Date of 1\/20\/23. If I don&#8217;t make money with this position I will be very surprised. Even with the condition of the market. $125 is the lowest price for Amazon in years and I feel the price will invite investors who were not able to get in before the split.<\/p>\n<p style=\"text-align: center;\"><strong>Buy to Open 1 AMZN 1\/20\/23 $125.00 C @ $16.50<\/strong><\/p>\n<p>If the stock does start to move I will get into more positions. With this crazy market only time will tell.<\/p>\n<p>&nbsp;<\/p>\n<p>Successful trading,<\/p>\n<p>Steve<\/p>\n<p><em>The Options Coach<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>I know these are not normal times for Main Street beats Walls but as I said before these are not normal times for the market. Hopefully soon we will be back to normal and I&#8217;ll return to posting trades. With the market as is, I really don&#8217;t feel comfortable posting the trades I&#8217;m making. I [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"class_list":["post-13434","page","type-page","status-publish","hentry"],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/P75MP0-3uG","jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/pages\/13434","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=13434"}],"version-history":[{"count":1,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/pages\/13434\/revisions"}],"predecessor-version":[{"id":13435,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/pages\/13434\/revisions\/13435"}],"wp:attachment":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=13434"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}