FREE OPTIONS TRADING LESSONS HERE.
11/29/2022
sell -1 Dec 9, 2022 $80 put at $0.18 (credit)
- probability ITM (assignment): 6% (low)
- AMZN = $92.22
- 10 DTE
12/8/2022 (1 day before exp)
buy back $80 short put at $0.01 to remove the risk
PROFIT: $17
This trade had a high probability of success and hence, the "small" premium. However, that doesn't bother me. I prefer to collect a small premium consistently with little stress.
