Charlie Moon joined Schwab Network to break down a strangle trade on Amazon (AMZN), a setup designed to profit whether the stock breaks out or breaks down, in a market where picking a direction has become a losing game.
Charlie covers:
- Why he’s playing both sides of AMZN instead of picking a direction right now
- The upside level that could trigger a run toward all-time highs for the hyperscalers
- The downside level where Amazon could fall fast and how far it could go
- Why the chart setup makes a strangle the right structure for this environment
- What recent price target bumps on the hyperscalers tell him about near-term demand
