Million Dollar Options Strategy Exposed

Learn how Nathan Bear went from struggling, small-business owner to Multi-Millionaire in a short period of time.

Join this exclusive session as Nathan shares the strategy that can help you potentially build life-changing wealth!

Today’s trade: (AMZN)

Davis MartinDavis Martin ·

The set-up: Tech stocks have fallen for multiple days in a row now for the first time all year.

On the surface, you can throw all of the blame for this onto Tesla (TSLA), which over the past eight trading sessions, has lost roughly 19.5 percent on bad reports from the company, Wall Street and the auto industry. The company lost $7.2 billion in market cap and its status as the most-valuable auto-maker.

Some experts were calling Tesla’s fall the signal for the end of growth in stocks altogether.

Jeff Bishop of sees a dead-cat bounce in Tesla

It certainly weighed on the technology sector, which had looked pretty much indestructible all year.

The play: While everyone is talking Tesla – and I may be playing it myself if I see the right things happen – I’m looking at the rest of the tech sector to see what has been put on sale. Something has gotten cheap or is going to test its support levels.

If Tesla makes a run up, you will quickly see who got oversold in the wake of the Tesla news this week.

One chart that looks ripe to me now is (AMZN).

Take a look:

Every time Amazon bounces off of $1,000, it dips, then forms a base, then makes a run back up. It looks to me like that is about to happen again.

What I’m doing: If Amazon clears the 50-day simple moving average of $971.81, I will be looking for a move to the $990 area via August 18 at-the-money call options, although I might go with a closer expiration date if the stock is running hard.


Davis Martin is the head publisher of He trades SPY Calls and Puts and swing trades mid-large cap stocks and stock options. He does not currently have shares, options or open orders on AMZN, but is planning to use options in the stock as described in this commentary.

Trending Now

Bull or Bear Market….It Doesn’t Matter

Kyle Dennis’ new, 5 min strategy is poised to double account sizes weekly! “I got out of GE trade at 379% $0.16-$0.77, thanks Kyle!” Said client Lance P. Check out the free training that started it all. (View Free Training)

SuperNova Service Leading Clients to 5-Figure Profits Consistently

“BOOM!!! Booked another $13,985 in profits on my long position $VMNGF. Great report came out premarket. Thanks Jeff at SuperNova for teaching me to make $$$ in the market.” Said Todd V. Jeff Williams is helping transform small accounts daily. Don’t miss his free walkthrough. (Watch Now)

Jeff Bishop, Co-Founder, “Trading My Strategy Takes A Few Minutes a Day!” 

“Jeff, I have to say I was a little gun shy, but I bought the lifetime service (to Bullseye Trades) Friday night. First trade with your service…in LULU, 205 Calls at $4.70. (I) was going to be away from all internet connections for the next 3 days. It hit my sell price at $6.25 ;)” said James W.    (Read More)

Be a Better Stock Trader, Starting Today

Get the expert insights, tips and strategies you need to optimize your trading skills and profiles