Options trading : Amazon (AMZN) Earnings Play

 GET WEEKLY TRADE IDEAS.

FREE OPTIONS TRADING LESSONS HERE.

7/28/2022 (11:56 am, PT)

sell -1 Aug 5, 2022 $101 put at $0.24

• AMZN = $122.32
• prob ITM = 5.40%
• market maker move = up/down $7.28 post-earnings

8/5/2022 (expiration)

AMZN closed at $140.80

My short put expired perfectly

PROFIT:  $24

Options trading : Amazon (AMZN) Earnings Play

 GET WEEKLY TRADE IDEAS.

FREE OPTIONS TRADING LESSONS HERE.

7/28/2022 (11:56:32 pm, PT)

sell -1 August 5, 2022 $101 put at $0.24

• earnings on 7/28 after market close
• 8 DTE
• prob ITM: 5.40%
• AMZN = $122.32
• market maker move = up/down $7.28

8/5/2022 (Expiration)

AMZN = $140.80

My short put expired perfectly

PROFIT:  $24

Options trade : Amazon (AMZN) bullish "earnings play"

 GET WEEKLY TRADE IDEAS.

FREE OPTIONS TRADING LESSONS HERE.

7/28/2022 (11:56 pm, PT)

sell -1 August 5, 2022 $101 put at $0.24

• earnings announcement on 7/28
• prob ITM = 5.40%
• AMZN = $122.32
• "market maker move" = up/down $7.28
• 8 DTE

8/5/2022 (expiration Friday)

AMZN closed at $140.80

My short put expired perfectly

PROFIT: $24

NOTE:  If I had bought 100 shares of AMZN stock instead of selling a put option, I would have made a lot more money!  Oh well . . .  😒