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Showing posts with label AMZN March 8 2019 $1705 call. Show all posts
Showing posts with label AMZN March 8 2019 $1705 call. Show all posts

Friday, March 8, 2019

Options trade: Amazon short call (semi-bearish trade)

Thursday, 2/28/2019 (11:19:31 am, PT)

sell short -1 March 8, 2019  $1705 call at $2.74

Facts:
  • 8 days 'til expiration
  • "overbought" stochastics
  • 10 delta

Friday, 3/8/2019 (8:19:34 am, PT) (Expiration Friday)

buy back March 8 $1705 call option at $0.01 (to remove the risk and take profits)

PROFIT:  $273 (in one week)