Rejected by the 200ma / previous High

2019年9月18日

I bought I 150 & 155 puts due to up coming earnings. So My idea here was since amazon and fedex split up this summer their profit would be lower despite only 2% of revenue was reported from Amazon fulfillment. Along with that their previous earnings P/L report was extremely low. Ending up with me being over all bearish looking for a 10-15% drop during eranings.