Amazon.com reports after the close and the stock has made a big run up over the past year and last 3 months. The valuations (PE, PEG) show that the stock is way overvalued. I'm selling call spreads and most of my call spreads are the 320/325. The stock is up today and currently trading at 304.11. Anything can happen since the expectatations are so low but I think it will be hard for Amazon to go up today. We'll see very shortly.
Jonny
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