Stock / Symbol: Amazon.com / AMZN
Option Strategy: put calendar
Trade entry date / price: Oct 25 / $365
Price at this post: $358
Reasoning: downside stop hit, entering closing order now.
Closing Trade Details:
STC 1 AMZN NovWk4 360 put
BTC -1 AMZN OctWk4 360 put
for a min net credit of $9.20 per contract (day order, limit order). Mid is currently at $8.65.
Max Risk: $870
Max Reward: $250 or 28% (at current volatility level) at 360 by Oct 25
Suggested Upside stop: @ $368.50
Suggested Downside stop: @ $357.50
Profit / Loss upon fill: $50 or 5.7% (pre-commission)
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