From Yahoo Finance: 2025-03-31 10:45:00

Equity Armor Investments Principal Joe Tigay is bullish on Amazon (AMZN) and Alphabet (GOOG, GOOGL), suggesting option trades for both. Tigay is buying calls on AMZN with a $205 strike price and believes in a potential rally. For GOOG, he hinted at buying calls with a $165 strike price.

Tigay expressed confidence in Amazon for the short and long term, citing its potential to perform well if the market rallies in April and later in the year. He plans to sell calls into a rally and is optimistic about the stock’s risk profile.

While Tigay sees potential in AMZN, he also believes that some AI stocks offer greater promise for higher returns in a shorter time frame. He recommends considering alternative AI stock options for potential investment opportunities.

Disclosure: The author owns shares of AMZN but does not intend to trade them in the next 48 hours.

Read more: Analyst Who’s Looking for Market Rally Suggests Bullish AMZN, GOOG Option Strategies