The market has been looking stronger since mid last week, and if you caught my last two weekend videos, you saw me pointing at bottoming patterns before it started to move. On Monday, Amazon finally joined in. After a long pullback, it printed a green Moxie price trigger, with positive divergence on the Moxie Indicator telling me the low was in.
I already had a swing position on Amazon, but the intraday setup was screaming at me. Price was bull flagging into the 50, squeezes were stacked everywhere, and the $252.50 strike had the biggest open interest on the options grid. So I put on a 0DTE call live in the rooms at $0.35, trimmed at a 300% gain, and took the rest off at 188%.
Bigger picture, I think Amazon has bottomed. It won’t go up in a straight line, but there’s a squeeze building that could be the next leg higher.
In the video, I walk through every step of the trade, from the signal to both exits.
Your Profit Pilot,
TG Watkins
My colleague Allison Ostrander is going live this Wednesday, October 7 at 6 PM CT to show how she trades the earnings gap. It’s free, and she’s sharing the short list of names she plays year after year. Reserve your free spot!
