Stock Information

Updated 3/4/20

WEEKLY IV 37.88%

MMM +/- 96.75

VIX: 31.99

Trade Type:

  TGIF BIAS:      CALLS 

  LOTTO TRADE:      PUTS 

THURSDAY  3/19/20 - Due to the Corona Virus events there have not been nor will there be any TGIF PAYDAY! trades for the foreseeable future. I will post updated trade ideas when the markets get back to a normal trend and continue the 1-2 year journey to the land of 7-Figure profitability!!

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WEDNESDAY 3/4/30 - 4:00 PM PST  -

This weeks TGIF PAYDAY!   BIAS is CALLS 

Markets are on the roller coaster moving up and down over 1k points from day-to-day with all this coronavirus and political news. Then the FOMC makes a surprise 0.50 rate cut and investors can't seem to figure out what to do. If supply chains continue to get disrupted, then AMZN is going to suffer; and so will the thousands of resellers on the website. There has been price gouging which the company said it will curtail and/or cut off because that is just WRONG and could have a serious back lash from customers if the virus keeps spreading across the USA and they look to the company for protective resources only to be zapped by greedy opportunistic resellers.

Trading this stock with pumped up IV is going to be very difficult and likely not to profitable if if you do get filled, so you need to be diligent in taking half off at a DoubleUP!.

ALWAYS put in fishing orders well below the current ASK prices because there is a ton of slippage and bogus pricing going on right now. 

This stock is easily moving $60-100 per day, so you can fish for strikes a lot further OTM if you want to get in on the action; however, trading this stock under current market condition should be all-or-nothing mentality and NOT for a small account.

SGB zones are the target strikes for OTM plays.

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MONDAY 3/2/30 - 2:00 PM PST  - No fills last week for the TGIF PAYDAY! strategy, so we just wait until the trades come our way and continue the journey.

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WEDNESDAY 2/26/20 - 2:00 PM PST  -

We will have a very tough time getting any fills this week since the IV is so pumped up on AMZN along with the VIX being at 27. What I do plan to do is fish around for some wild card Lotto Trade CALLS in the event there is positive corona virus news. If you want to go for some PUTS, the next major support level is at $1850 where the 200 MA; however, those options are priced at $2.61 today which a bit expensive if you have a small account.

I will place my orders as DAY and then assess things after tomorrow and decide if I want to fish around for Friday too.

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FRIDAY 2/14/20 - 2:30 AM PST  - Here are the model portfolio AMZN trades that were filled on Thursday:

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WEDNESDAY 2/12/20 - 8:00 PM PST  -

Time for another TGIF PAYDAY! trade and looking for some more GREEN on the screen this week. We are now compounding and things can start to get very exciting when we have a winning week with AMZN!!$$!!

This stock is in EXTREME over bought territory and most investors would be saying about now, "it's got to come back down" ;however, when things go extreme on the technical's, that is when a potential squeeze comes just like we saw with TSLA last week. I do believe, that this week is a high probability for the stock to fall hard if there is an overall market sell off since yesterday was a wide wick DOJI and today was a SGB DOJI inside of it. I am on permanent CALL BIAS so long as the stock holds over $2050; however, that does not mean we have to throw caution to the wind so this week I will still be going with CALLS but looking to also pick up some wild card Lotto Trade PUTS at the 2050 strike. 

When we take off the "trend" setting then the BIAS changes to PUTS

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FRIDAY 2/7/20 - 5:00 PM PST  - We have a BIG WINNER! for this weeks TGIF PAYDAY! trade$$ In fact, if you were also fishing around today, you could have gotten filled around $3.00 at the open and that would have made this a Moby Dick winning trade too.

We stick to the formula on Thursday but once you start to compound, then you can layer orders into Friday mornings to catch some MD profits!

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WEDNESDAY 2/5/20 - 5:00 PM PST  - 

This stock is ON FIRE, but could be ready for a bull exhaustion break.

I have been on permanent CALL BIAS since the last earnings SGB zone at 1850; however, now that that has been completely take out with a NEW earnings SGB zone, we have to consider going back to the regular "core" strategy bias choices once the stock takes out this current SGB zone at $2,000.00

So, until that happens, I am still going with CALLS; however the cost to entry is going to need to be higher ($8.00 MAX) and that will put this stock out of reach for most of you until you have at least $5k in capital to work with AMZN.

If you want to do some wild card Lotto Trade PUTS then stick to strikes up to 5% OTM or at SGB zones.

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FRIDAY 1/31/20 - 2:00 PM PST  - OMG did I make an error on this one this time...arrrrggghhhhhh. AMZN blew the doors off earnings and the stock exploded higher over 10% in after hours finishing the day up 7.28%. However, I had the Lotto Trade Calls at a maximum spend of $1.50 and I should have layered a couple strikes up to the 2010's.

Moby Dick showed up BUT you had to take those profits at the open so let this be a valuable lesson for you because IT WILL HAPPEN AGAIN! and once we are compounding contracts with the TGIF PAYDAY! strategy, we will have the capital to layer multiple strikes and have $100k winners!

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WEDNESDAY 1/29/20 - 7:00 PM PST  - 

Tomorrow is the earnings release for AMZN, and if they miss again, the stock could get slammed down; especially in light of today's SGB and also the Squeeze triggering there can be a lot more downside to come—on the other hand, if they surprise, we could easily see a move back to the all-time-highs.

In light of the SGB today, I am going to have some wildcard PUT Lotto Trades in place but remember, these are always separate trades from the TGIF PAYAY! strategy.

As for the TGIF PAYDAY! trade this week, I am pretty sure there will be no fills tomorrow, so I will definitely cancel the orders by 7:00 AM if nothing happens.

I am still on permanent CALL BIAS until the stock takes out the SGB zone at$1800.

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TUESDAY 1/28/20 - 12:00 PM PST  - 

Unfortunately, the model portfolio was filled on the TGIF PAYDAY! BIAS trade and the result was a total loss. The positive news is when we do get that winning trade, AMZN typically make 3-10 times the cost and will wipe out any initial losses we carry. When you are applying the TGIF PAYDAY! strategy to AMZN, it does take larger initial capital, so if you are not ready for the potential draw down, then stick to the SPY and wait until you have at least $2,500 work with.

What did make HUGE profits was the wild card Lotto Trade PUTS on AMZN: 

This Lotto Trade when parabolic and WOW, if you were also fishing for a lower price on Friday morning, then you had the opportunity to hook onto a Moby Dick!

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WEDNESDAY 1/22/20 - 9:00 PM PST  - 

 AMZN has multiple SGB's and zones to overcome and with earnings coming up next week and the impeachment trial in the Senate, it is most likely no big money is going to invest in AMZN at these highs. We are still on permanent   CALL BIAS   until the stock fails to hold the SGB zone at 1833, so I am fishing CALLS and buying Lotto Trade PUTS for this Friday.

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SATURDAY 1/15/20 - 1:00 AM PST  -  We did not get filled on the CALLS but the Lotto Trade PUTS did get filled.

The Lotto Trade PUTS were filled and now we see where they go by next Friday's expiration.

I have a stop loss in at $1.00 and an initial profit target at $10.00.

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WEDNESDAY 1/15/20 - 4:00 PM PST  - 

Tough week for AMZN in the fact of many stocks rallying, but it just keeps slipping lower? The stock has been following the SGB trail and is now about to test that BIG SGB zone at the 1800 - 1840 range. Earnings are coming on the 30th and since they "technically" missed last quarter, I am sure big money managers are not all too excited to "add" as we head into this next release. We are on permanent   CALL BIAS   as long as this stock holds over $1800, so the best thing to do when the stock is under selling pressure is sticking to strikes closer to ATM or even slightly ITM...just be sure to always "FISH" for your entry price because these options always have a lot of price slippage in them.

The daily chart has a Bull 180 setting up so we could get a nice pop higher on any positive market and/or stock news.

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SUNDAY 1/12/20 - 4:00 PM PST  - There were NO fills this week on the TGIF PAYDAY! bias CALLS.

I was filled on the wild card Lotto PUTS for 1-10-20 and also this weeks expiration. The 1855's expired worthless.

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WEDNESDAY 1/8/20 - 4:00 PM PST  - 

This stock has been resilient and bought on every dip. It can have $50-$100 moves in a single day and that can make us 6-Figure in our future once we are compounded to 20+ contracts!! We are on permanent   CALL BIAS    until the stock trades under $1800, so fishing for entry prices is always the best course of action; even though I have a MAX spend of $6.00 per contract; I always want to try and buy below that and/or add more strike prices when I can get them.

If you are just starting out, and have less than $2,500 to risk, then you should stick to the SPY for now because the barrier to entry is much lower and you have multiple occurrences to get your compound working. Once I can start with 2-5 contracts with PROFITS from the SPY, then I will add AMZN to the live model portfolio. However, if you are inclined to get going with AMZN, then stick to the strategy and start your journey, because AMZN can get you to 6-Figures in weeks to a couple of months!

Last night, the stock was slammed down over $50 points on the IRAQ news, and had the markets continued lower, AMZN could easily have dropped over $100. What is interesting to note is the stock took back almost ALL of that drop in pre market today, but did not really participate in the squeeze post Trump news conference; however, it did hold onto more than 55% of the drop. 

So long as this stock holds over the $1800 SGB zone, we stick to CALL BIAS so always have fishing orders in place but keep at least one contract on at the MAX SPEND when you can get filled.

Wild card PUTS are a good idea in light of the political turmoil and you can go up to $100 OTM, but I would be layering multiple strike prices when I can get in for under $1.00 per contract.

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THURSDAY 1/2/20 - 7:00 AM PST  - NO FILLS I cancelled my orders for this week.

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WEDNESDAY 1/1/20 - 5:00 PM PST  - 

Are you ready to make 6 Figures by JUNE 2020? This stock is more than capable of getting you there; however, the barrier to entry is much higher than the SPY so if you do not have the capital ($2k minimum in my estimation) to start with AMZN then stick to the SPY for now and wait until you can buy 2 - 5 contracts with PROFITS!

As I pointed out last week, AMZN has been hanging around a very large SGB zone for weeks and finally busted out into a parabolic move from the record holiday sales news. On Friday, the move was topped out with a SGB, so we have to be cautious on LONG trades (smaller contract loads) and fishing for wild card Lotto Trade PUTS; however, for the TGIF PAYDAY! strategy, I will remain   CALL BIAS   until AMZN breaks below the SGB zone at $1800 regardless of the weekly BIAS setups.

If the stock takes off this week and clears that Friday SGB, then I will move up my BIAS break to 1840.

As we build contract loads, I will be buying wild card Lotto Trades every Wed or Thur as I plan to catch a couple Moby Dick trades this year!$$!