Plays for Wednesday (10/8)

Posted by TheNightTrader on Wednesday, October 8, 2008 at 12:13 AM

It's late, so I'm making this quick. I keep getting bit a little bit with putting in orders the night before, and I should have a little free time at work tomorrow morning. So I'm going to put in orders for a strangle on AMZN in the morning. It dropped big today, so I'm guessing it will gap in the morning. I'll either put in orders right before open (usual +/- 0.50 from current pre-market price), or wait 10-15min after open after the crazy open has calmed down.

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