Amazon used to trade for over $1,000 a share…
But as of this month, shares are now available for only $100.
And, just as expected, hungry investors swooped in and sent the stock soar—
That’s not quite how the story went.
See, in early June, retail giant Amazon (AMZN) announced a 20-for-1 stock split.
It was a strategic move to boost the struggling stock.
But instead of sending the stock up, or even creating a bottom…
It called the short-term top.
Shares tumbled 17% in the week following Amazon’s stock split.
Now, one Big Money trader thinks this was overkill…
They bet a whopping $1.3 million that shares would rise through September.
Amazon is a top FAANG stock. It certainly has a lot of promise to be a market leader over the next 5 to 10 years.
But can it really turn things around in the next three to six months?
That’s a separate story…
In today’s Bank It or Tank It, I break down exactly what’s going on with Amazon. Click here or the image below to watch now:
You may not know this, but I’m not the only one around here who likes to track Big Money moves…
Andrew Keene joined our team earlier this year, and he’s been blowing me away with his knack for trading unusual options flow.
Four days a week, he fires up 20 different scanners to see exactly where the Big Money is placing their bets — and which ones are worth following.
So far this year, he’s managed a 73% win rate buying only call options in a bear market.
And members of his live Trade Room have landed gains as high as 250% in under an hour.
There’s nothing else like this on the market right now.
And soon, 1,000 lucky folks will have the chance to join him in the Trade Room every Monday through Thursday, from 9:30 a.m. to 10:30 a.m. EST.
If you want first crack at joining , click here and put your name down now.
Chad Shoop, CMT
Editor, True Options Masters