sell short -1 April 26, 2019 $1810 put at $4.60
Facts:
- earnings announcement after the Closing Bell today (4/25)
- AMZN was trading around $1910.18 (I went $100 out-of-the-money)
- 11.80 delta (88.20% probability of success)
- option premiums are VERY attractive right before earnings announcements, so you can go further OTM
- "expected move" ("market maker move") was plus/minus $67 post-earnings
Fri. 4/26/2019 (6:30:00 am, PT)
buy (to close) $1810 put option at $0.01
PROFIT: $459 (1 day)
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