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Barchart
Barchart
Mark R. Hake, CFA

Amazon Stock Keeps Rising, But It May Still Be a Good Time to Buy In

Amazon Amazon.com Inc. Seeking Alpha

Amazon (AMZN) stock is up over 15.5% in the last month, closing at $127.11 on June 15, and over 48% YTD. But it still may be a good time to get in, especially if the company generates positive free cash flow this quarter or next.  One way to do this is to short out-of-the-money puts at strike prices below today's price.

We discussed this strategy in our last article on Amazon stock on May 21, “Amazon Stock Continues To Slowly Move Higher, Reflecting Faith In Its Free Cash Flow.” Amazon could potentially produce positive free cash flow (FCF) this quarter ending June 30, or next quarter. 

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