Replies to post #10918 on Amazon.com Inc (AMZN)

[DiscoverGold]

Kswies, the trader's bet was that AMZN will trade lower than current price. He paid $3.59 per contract for the 90 strike price, which means that AMZN has to close at 86.41 at 7/21/23 date to brake even.
However keep in mind that most traders do not keep their trades all the way to the expiration date, he will sale the bet between now and 7/21/23 as he will see it fit.
Nevertheless the trader sees the stock will trade lower going forward.

Best of luck with your investments!

DiscoverGold