I think that Amazon is in trouble, which could make puts on them very valuable.
Here's the thing, everyone is buying them up because with retail closed, they're making huge business.
Thing is, their warehouse crews can become infected. Warehouse closes, they fail to deliver, they lose business.
My problem is that the puts are extremely expensive. Like 45 a pop, and you have to buy 100. So I'm not going to play.
But I will have this post in the sand.
Current price is 1,940.10, which wtf, but ok.
I think in mid may they will be down to 1750.00
That being said, I'm going to close out my position on blue apron for the same reason. You have one little covid breakout in the warehouse and people dump their subscriptions.
They're at 10.36, which stings a bit because they were at 14 the other day but I paid 3 so whatever