sell short -1 April 18, 2019 $1850 put option at $1.47
Facts:
- AMZN trading at $1868
- 15.73 delta
- "overbought" stochastics
- 1 day 'til expiration (DTE)
Thu. 4/18/2019 (12:49:02 pm, PT) [Expiration Thursday]
buy back $1850 put option at $0.02
PROFIT: $145 (in one day)
NOTE: Even though AMZN was trading near $1861 (4/18/2019) and my short put was relatively "safe," I didn't want to take any chances. Thus, I decided to spend $2.00 to buy back my short put and protect my profits.
LEARN TO SELL PUT OPTIONS BY WATCHING THESE VIDEOS.
