The FAANGs came back to life today, which has me eyeing some directional trades into the end of the year in these names. Let’s look at Amazon, and I’ll explain how I set up butterflies using my signature ‘Stacked Profits’ strategy.
Tomorrow, like today, we may have another chance to “fade” the rally into the testimony. Keep in mind, though, the market often sells off AFTER the event, so stay on your toes. Today’s fade produced a decent trade in YM, but a great one in NQ.