This post is restricted to paying members. To follow are specific new trade details:
Stock / Symbol: Amazon / AMZN
Option Strategy: bull put spread
Trade entry date / price: 24 Oct 2019 / $1779.66
Price at time of post: $1751.20
Update: Baring an absolute collapse in the final hour of trading today, AMZN should finish the day comfortably above the $1695 strike of our short call. Thus, it looks like we'll be able to allow this position to expire worthless, enabling us to realize this trade's full profit potential.
Position Details:
Short 1 AMZN 25Oct2019 1695 put
Long 1 AMZN 25Oct2019 1690 put
for a net credit of $0.70 per contract.
Max Risk: $430
Max Reward: $70 or 16% by Oct 25th with AMZN at/above $1695
Profit Range: AMZN at/above $1695 by Oct 25th
Expected Profit / Loss by end of day: $70 or 16% (pre trade costs)
Trade commissions: $3
