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Showing posts with label AMZN Dec 9 2022 $80 put. Show all posts
Showing posts with label AMZN Dec 9 2022 $80 put. Show all posts

Thursday, December 8, 2022

Options trade : Amazon (AMZN) semi-bullish trade

    GET WEEKLY TRADE IDEAS HERE.

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.