AMZN – Quick Update: Locked In Profits After Strong Run

Amazon ripped higher right out of the gate this morning along with the broader tech sector, following last week’s heavy call buying that I covered in my AMZN Call Buyers Step In post. The 15-minute chart shows a clean breakout from the $245 consolidation zone, tagging the $250 level on strong volume.

Source: blackboxstocks.com

I sold my weekly calls a few minutes after the open — no reason to overstay with Friday expiration and that key resistance zone just overhead. Sometimes the best trade is taking your profits and running before premium decay catches up.

Disclaimer: This post is for informational and educational purposes only. Nothing here should be considered financial advice or a recommendation to buy or sell any security. Always do your own research and trade based on your own risk tolerance and strategy.