I picked up the 1010 Apr 27 GOOGL Call and the 1432.5 Apr 27 AMZN Call.
Up nearly 80% in GOOGL and 70% in AMZN. They are now breaching 30% of my portfolio which is good since they are booming right before earnings.
This was my first purchase of AMZN. I still remember them when they were $40 back in the early 2000s and I said they were too expensive... they hit $80 and they were still expensive. Now I'm buying a call worth $6k. I guess I have a weird idea of what expensive is.
GOOGL was hitting the 1048 resistance line for multiple days last week and with low volume. I wasn't sure if they would break through, but with each successive higher low, it became more and more apparent that they would make a run up before earnings. My hope is for GOOGL to retest 1100 and even 1140 before earnings.
As for AMZN, I didn't have much time to think about it.
With the Trump tweets, AMZN dropped nearly 11% to 1360. It took them 3 days to return back to resistance at 1458, then bouncing back to its 50MA, tested and retested that resistance level. I bought the breakout on 4/17 knowing that it will only go higher. One more week until Earnings. My hope is for AMZN to retest 1600 or even 1675 before earnings.
All cylinders are rolling ahead.
