YES-Still Keeping AMZN As IS

That means the equity short still in place with March $255 Calls that are just in the money today as well as the equity short. The idea is the calls work as a hedge as well as make money, when it's time to sell them the AMZN short works again and maybe we'll even look at some Puts to kick things up for the initial move to the downside, again this is not much different than the UA concept of initial short positions almost always see a volatility shakeout.

 Daily chart, the larger picture and reason for the equity short-at least part of the reason.

 The 30 min chart shows why the position was added to at the recent top with a negative divergence and why the call position/hedge was taken out with a recent positive divergence, this looks to be a volatility shakeout of the shorts.

Near term the 1 min chart is leading positive, this is good for the calls, but doesn't endanger the equity short at all.