AMZN▼ short
400 bpsmedium3mo horizon
Thesis
Short AMZN because near-expiry call enthusiasm and six executive sales totaling 83,960 shares obscure the risk that AWS growth slows and consolidated operating-margin expansion stalls.
What would prove this wrong
Amazon's next EDGAR 10-Q will report AWS revenue growth below 20% year over year or a consolidated operating margin below 12%.
Unwind Conditions
- [falsified]Unwind if Amazon's next EDGAR 10-Q reports both AWS revenue growth of at least 20% year over year and a consolidated operating margin of at least 12%.
- [risk stop]Cover the short if AMZN's closing price rises 12% or more from the position's opening price.