Happy Friday! I closed out of my Amazon earnings play for a nice profit. I further bought into and sold out of my put positions in Amazon. Eventually, I bought a delta long strangle in Amazon. My expectation is that Amazon will move higher toward the holidays. I sold out of Chipotle and Marriott International for a profit. I bought back Marriott International when it dropped as it was up earlier in the day. I initiated a new position in CVS as it dropped 5%. CVS will report earning in the next two weeks so volatility will likely be elevated.
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March 2017
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