FREE OPTIONS TRADING LESSONS HERE.
2/3/2023 (12:59:37 pm, PT)
sell -1 Feb 10, 2023 $85 put at $0.03
Why did I place this trade?
Because I wanted the opportunity to buy 100 shares of AMZN at $85/share.
This is called "assignment."
2/10/2023 (Expiration)
AMZN closed at $97.61.
PROFIT: $3.00
I did not get assigned the 100 shares, but I still got paid $3.00 for waiting.
