25% bounce from recent low AMZN stock will split 20:1 I believe after the close Friday. Never understood why anyone thinks a split changes anything in the fundamentals or value of a company other than shares will be cheaper for the retail gambler I mean investor to dip their toe into AMZN stock. Shorted twice today via June 3rd puts will be looking for a longer term entry. GL
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I placed 3 orders this morning, only 1 filled at my price. $2500 puts July 8, $2440 puts June 10th and $2600 sell calls $2600. Took profit will wait for a bounce to reassess. The gap down spiked put premiums. Closed position today and waiting to see what happens with the split. GL