 Welcome back with us guys and this one is all about how we picked up Amazon on this breakout and I'm I just want to focus on one thing I keep saying have a plan have a strong plan before you enter a trade and this is just to show you how you could have set up your plan before it happened so you can take a ticker that you like this week Amazon was actually reporting so basically I was interested in a specific line if we broke above it we would get into buyers territory however let's go back to what happened on Thursday and Friday look at Thursday it went up to specific line let's call it 3375 74 9 and then it dumped on Friday sorry on Thursday on news and then it picked up afterwards all the way up to that same line this is called a double top that double top was rejected to the tee and then it came back down afterwards on Friday afternoon so you know once we cross that 3375 some things are going to happen some things going to happen because we will be on the buyers side so my plan was I'll set it in alert on 3375 when it pops I'll have a look at what's happening so basically what happened was today it was basically trading flat like very very flat and all of a sudden boom boom I get an alert what's happening I see that Amazon is popping through quickly you go see why are we popping through and the reason was Jeff Bezos is saying that we're moving into a possible split and this could happen as soon as on earnings which is Thursday so we're popping through we're on earnings week so premiums are extremely high so I decided to go on 3700 to keep the premium price quite low while quite low is still $600 per contract so basically this is it we are now look at this line here precisely above the one that we just rejected twice on Thursday and Friday so now on huge volume look at look at this huge volume that we have on the news obviously it's moving the ticker very very quickly now the fact that we're going far out of the money on earnings week we keep that Delta sorry that theta the the fact that it will not decay very quickly because there is still a possibility that we reached at 3700 and we all saw that because of the IV the implied volatility people are stacking in they're buying the options the premium so the price of the option is moving up price of premium is moving up even if the ticker is not moving that much I mean we only took about you know $25 up and we managed to get over a 100% play on this one so just to recap we draw lines on points that we think that something will happen and this one is a clean and very clear double top that we see so this line I set an alert on this line and basically as soon as it crossed it you have to see what's happening and you look at volume volume was behind it what was the news possible split at last on on Amazon making it more affordable for a lot of people and on earnings week we can afford going way out of the money to make sure that we gather this this rise up so I hope this is helping you guys so plan ahead set alerts we alerted the 3700 C's at $6 ending up selling for 141% I recall if I recall correctly at about $14 plus for half the position and yet after hours it's still moving up so guys if you have any questions don't hesitate but always have a plan take care of folks