I believe that Amazon still has significant upside, and because I wanted to purchase more leverage, I decided to put a call option on Amazon. I have made about $280 so far, but I believe that Amazon will still go up for a while. I believe that waiting for the MACD line to cross over the zero line would be prudent, but I think that everything else looks okay. Stochastic seems to be good, RSI also shows some upward momentum. I also checked the OBV, and that signal appears to be showing upward momentum as well. I will hold onto this option, as the expiration date is on October 4.
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