Amazon Q3 Earnings Set for October 31st: Is Now the Time to Buy?

Amazon is gearing up for another "Prime Time" event on October 31st, releasing its earnings after the market closes alongside Apple. Despite Amazon’s stronghold in e-commerce and cloud services, its stock price has stagnated, hovering around the same levels it held back in November 2022. If you missed the chance to buy when it dipped below $120, you may have seen little to no return—and with Amazon offering no dividend, there’s less incentive to hold while waiting for gains.

Unlike some of its "Magnificent 7" peers, Amazon faces key supply levels that make significant price jumps more challenging. For investors considering Amazon, a further 10% pullback could provide a more attractive entry point.

With earnings on the horizon, consider waiting for a dip….

Trades to Consider:
200/205 Vertical Calls Spread
             or
160/155 Vertical Put Spread
For those wanting to own AMZN:

Consider selling Cash Secured Puts at 170 or below

The trading opportunities mentioned are informational and not intended as personal financial advice, conduct your own due diligence, all trades involve risk, there is no guarantee of ROI, a potential loss of capital exists with any trade.