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AMZN . not a tremendous amount of call delta ITM so positioning is still bearish. MMs will try to get price back above 160. Put delta declines below 160, and almost dries up below 150. Traders see limited downside below there for now. 170 put delta strong and is resistance for now.

by /u/TearRepresentative56 in /r/TradingEdge

Upvotes: 68

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