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Wednesday, March 20, 2019

Options trade: Amazon short put (semi-bullish trade) (rolled once)

Trade 1

Tuesday 3/5/2019 (12:13:54 pm, PT)

sell short -1 March 8, 2019  $1660 put at $2.61

Facts:
  • 3 days 'til expiration
  • 14 delta


Trade 2

Thursday, 3/7/2019 (12:56:53 pm, PT) [AMZN dropped $45, so I rolled down & out to April 12]

buy (to close) 1 March 8, 2019  $1660 put at $36.49
sell (to open) 1 April 12, 2019  $1590 put at $38.41

net credit:  $1.92



Trade 3

Wednesday, 3/20/2019 (9:13:26 am, PT)

buy back April 12  $1590 put at $3.25

PROFIT:  $128

I decided to close my trade before the FOMC announcement at 11 am (PT).