Stock / Symbol: Amazon / AMZN
Strategy: Bull Put Spread
Trade entry date / price: 16 Nov 2020 / $3122
Trade exit date / price: 18 Nov 2020 / $3133
Recap: Got filled yesterday, at 12:09 pm, on our AMZN exit order. Captured a nearly 13% gain in 3 days!
Position Details:
Short 1 AMZN 20Nov20 2990 put
Long 1 AMZN 20Nov20 2985 put
In for a net credit of $0.70 and out for a net debit of $0.15 per contract.
Analysis:
Max Risk: $430
Max Reward: $70 or 16% with AMZN over $2990 on Nov 20th
Profit Range: AMZN at/over $2989.50 on Nov 20th
Estimated Commission (round trip): $2.60
Downside Stop at: $2990
Realized Profit / Loss: $55 or 12.8% (pre commission)
