AMZN Trade on Aug 2, 2021 15:26 from Marius: Tradervue User Stock Trades.

Currently in the middle of the busiest of the corporate calendar with earnings. More in-play moves from these specific catalysts. There are bigger picture economic reports continuing to be released with key jobs metrics. Overall markets seems to be undergoing a "stealth correction" with mixed performances but not overly weighted to the upside nor downside. The breadth deteriorations have been met with relatively stronger components. Less pronounced rotational factor shifts as seen in 1H21. Overall earnings have been pointing to continued growth. A noticeable theme I saw this week was with more so company earnings trading lower initially but aggressively bought. A few of them have recovered notable ground from the prior weeks as well. There are certain areas of reporting that were highlighted this week within the health care sector as insurances factor in increasing operating costs due to rising delta variant virus cases. The bond market and yields seem to signal some concern but liquidity and interests rates with monetary policy are continuing to underpin the overall market bid.

Fundamentals In Play Analysis

Amazon reported earnings last Thursday and with an EPS beat, slight miss on Revenues, and scaling down guidance. The margins were still lower due to the investment advancement in logistics but employment was adequate and higher. The Q2 prime event did not pull in greater sales as anticipated. The cloud AWS segment is growing. There is notable consumer trend shift from the LTM's and most of the outperformance has been pulled forward. The guidance is more in-line with continued normalized performance. Analyst coverages were also updated.

Quantitative Analysis

Intraday Fundamentals

RVOL 0.91
AVOL 3.59M
ATR 82.21
Beta 1.15
Volatility 1.89% 2.02%
Short Float 0.91%
Shs Float 433.68M
Inst Own 59.40%
Market Cap 1.81T

Options Statistics + Tape Reading + Order Flow + Dark Pool Levels + Flow Sentiment

SI 0.93
IV 25.29%
IVP 26%
P/C 0.877
VWAP 3334.696

Earnings 3rd day play and not expecting elevated order flow but recording to track future related trading + if there are any continued elevated flows then it would be notable and an additional variable for the trade.

Seeing B puts for the week possibly indicating market bid support in-play in price consolidation.

DP level 3628.50 from 06/07 and HTF recent trading level. Notable overhead supply area.

Put side weight but on bid concentration as noted previously.

Options Positioning

OI 1513 2713
VOL 1025 1366
Delta .02 .01
Theta -.57 -.43
Vega .15 .11
Gamma .00 .00
Prob T 3.07% 2.13%
Prob ITM 1.52%b 1.06%
MMM +/- 70.029
IV Series 23.06%

Conservative positioning risk parameters w/ specific playbook expansion.

Earnings Statistics

Technical Analysis

HTF gap down under support w/ elevated RVOL day 1. Back within a HTF range.

ER AVWAP's, HTF VPOC's, MHTF DP's noted. Notable BID support.

Trade Risk (risk:premium) + Position + Size + Allocation Management & Review

Risk to Premium ratio have been updated w/ all trades this week. This was discretionary rated 3 to 1 with the playbook expansion from day 1 to day 3. Conservative positioning + allocation was also executed w/ < ~5 delta's and ~15% allocation. (A+) setup with working (B) execution. Starting to see the trading dynamics on AMZN. I have only traded this stock 1 time prior on the breakout but it moves with the market but higher beta on certain catalyst.