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Friday, April 12, 2019

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

Thu. 4/11/2019 (10:33:36 am, PT)

sell short -1 April 12, 2019  $1820 put at $1.28

Facts:

  • Amazon at $1843.96
  • 1 day 'til expiration
  • "overbought" stochastics
  • 12.42 delta


Fri. 4/12/2019 (9:44:23 am, PT)

buy back put at $0.05 (to remove the risk & take profits)

PROFIT: $123 (in one day)