Tag Archives: July 28

Amazon 2Q2016 Results, July 28, Just Goldilocks — I Can’t Stop Smiling. Thank YOU, Amazon.

by Anura Guruge


From “marketwatch.com”. Click to ENLARGE and ADMIRE here.

Not only do I own a fair chunk of Amazon shares, BUT I play options on them on a 4- to 6-week basis to generate INCOME to live on. Yes, it is true that my Amazon holdings are GREATER than the value of our (rather modest and unprepossessing) house and everything else I own! That is one heck of a commitment and bet on Amazon. I can’t tell you WHEN I bought the shares BUT I have now owned them for over 18 months.

And I write options every few weeks. IF the share price went up $120 today I would have had to scramble a BIT — though that would be nothing compared to what I would have made on the stock. This is Goldilocks for I. Stock price nicely UP and my August 19 options will EXPIRE ‘nicely’ …

I guess based on this I really should treat myself to a Nikon D500 and a good lens — and, of course, buy it from Amazon Prime (with a 5% rewards payback).

I wish I could teach you how to play AMZN options. 

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by Anura Guruge