The biggest scheduled event this week is on Thursday, after the close, when AAPL and AMZN both announce their earnings. I have acquired January $145 puts on AMZN with an eye toward the stock breaking its already slightly-damaged trendline. There are 171 days left on these puts.
![](https://slopeofhope.com/wp-content/uploads/2023/08/AMZNJEF-640x749.png)
The longer-term picture illustrates just how massive the overhead supply is. This is my ally.
![](https://slopeofhope.com/wp-content/uploads/2023/08/slopechart_AMZN-640x341.jpg)
Incidentally, all my puts span from January through June of next year, with the exception of XLU, which expires on September 15th, a mere 45 days from now. I like to play it safe. I had acquired some September SPY puts as well, but I dumped them immediately this morning at the world’s smallest profit, because yesterday’s out-of-the-blue pop higher reminded me that, short-term, my trust in this market should be at precisely zero.