Sell Alert: January 24, 2013

Marcus Haber | January 24, 2013

Sell Alert: January 24, 2013

Trade Details

Sell Amazon.com (AMZN) February 2013 $300 Calls for $2.60 or better

Why?

I debated about holding on to AMZN since we’ve had the trade on for less than a day. Plus earnings aren’t until next week. But, it’s hard to do better than 102% gains in less than one day!

AMZN shares are up roughly 3% as of this writing. Some of the move is due to huge earnings from Netflix (NFLX). Additionally, Amazon announced the purchase of IVONA Software, a speech recognition company. This could be a prelude to new and exciting features for the company’s Kindle product line.

This is simply too big of a gain to let pass us by. Let’s collect on our huge one-day winner and sell our AMZN calls here.