$Amazon (AMZN.US)$ Just Like I Said You Went From 3 Grant in...

livenowdienever : what option would you recommend on AMZN at the moment?

Trader-101 OP livenowdienever : I would go with a April 24th as close to the strike price as you can afford to get if you can get all the way in the money that's the best one

Trader-101 OP livenowdienever : April 24th as close to in the money as you can if you can get in the money that's what I recommend

livenowdienever : calls? that's a close expiry. I always thought we should go further out a little.

Trader-101 OP livenowdienever : I usually go close because the Delta increases which makes your profit increase much quicker you can stretch it out the five one if you like it's going to be a lot more expensive

livenowdienever : thanks. makes sense. theta kills me everytime I try to go close to expiry. I probably need to get closer to ITM

Trader-101 OP livenowdienever : where 99% of people go wrong with our pills they tried to hold them way too long I personally don't like to hold an option more than a couple hours I'll hold it for the day but I don't try to hold it overnight unless I just got it dirt-cheap and it's worth doing the big ones I hold 20 30 minutes an hour we make a granny too often we get out sometime we do better but with that said we take little to no risk

ArmyRanger : Are we holding Amazon overnight @KnowledgeIsPower

Trader-101 OP ArmyRanger : if you bought in after it turned it up and now it's going back to town you may not have a choice I just cashed out only because I saw it trending back down and I was losing profit with that said if you haven't lost anything I would pull out and reposition right before market close

Boadie : knowledge is power out there. you are the man. I thank you.