Amazon (AMZN) My New Prey

I took profits on my JC Penney shares and bought some Amazon (AMZN) put options.  It was at $93.05 and already down -1.36.  I took this as a sign of weakness that it is down on such an up day in the market and checked out the chart.  Stochastics are at an overbought level and it is at a point where bears can argue it is forming a double top (this is excluding 10/23 where it went to $101 - that was pretty much a one day anomaly so I am not counting it). 

Sold:
Sold JCP stock, 150 shares @ 45.66
   Entered at $44.50 12/04
+$174 profit +2.6% (after $0 commission)

Bought:
AMZN Dec07 $95 put ZQNXT, 3 @ 4.25
   stock price when entered:  $93.05
   option was $4.15 x $4.25 at the time and I just bought at the ask.