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Tuesday, April 16, 2019

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

Fri. 4/12/2019 (12:14:39 pm, PT)

sell short -1 April 18, 2019  $1790 put at $2.06

Facts:

  • Amazon at $1844.67
  • "overbought" stochastics
  • 6 days 'til expiration
  • 10.28 delta


Tue. 4/16/2019 (7:54:51 am, PT)

buy back put at $0.50 (take profits)

PROFIT:  $156 (in two days)