Netflix and Amazon Puts that were 40 points out of the money went up, on average 400%.
Don't get me wrong, i love Amazon, it isn't going anywhere as a company but right now, the market is looking to smite these high flying stocks.
Get out of the way, DO NOT GO LONG- any of these stocks.
With consumer spending and sentiment in the toilet, we need to wait it out. The shorts aren't done with this one yet.
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