Joe Tigay's Morning Trade: Amazon (AMZN)

Joe Tigay on why Amazon stock has been in a trading range despite dominating the ecommerce space. Joe sees intermediate business risk such as labor unionization and antitrust regulations. In the short run, he anticipates the stock to pivot towards the higher end of a multi month trading range and demonstrates a bull call vertical spread to capitalize on the expected move. 

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Joe Tigay's Morning Trade: Amazon (AMZN)

Joe Tigay on why Amazon stock has been in a trading range despite dominating the ecommerce space. Joe sees intermediate business risk such as labor unionization and antitrust regulations. In the short run, he anticipates the stock to pivot towards the higher end of a multi month trading range and demonstrates a bull call vertical spread to capitalize on the expected move.