This post is restricted to paying members. To follow are specific new trade details:
Stock / Symbol: Amazon / AMZN
Strategy: Bull Put Spread
Trade entry date / price: 11 Dec 2020 / $3083
Trade exit date / price: 16 Dec 2020 / $3204
Recap: Got filled today at 7:09am PST with AMZN at $3204, locking in a quick 10% gain.
Position:
Short 1 AMZN 08Jan21 2800 put
Long 1 AMZN 08Jan21 2790 put
Entered the position for a net credit of $1.40 and exited at a net debit of $0.55 per contract.
Analysis:
Max Risk: $860
Max Reward: $140 or 16% with AMZN at/over $2800 on Jan 8th
Profit Range: AMZN at/over $2799 on Jan 8th
Estimated Commission (round trip): $2.60
Downside Stop at: $2850
Realized Profit / Loss: $85 or 9.9% (pre commission)
