FREE OPTIONS TRADING LESSONS HERE.
10/27/2022 (12:33:27 pm, PT)
sell -1 Oct 28, 2022 $85 put at $0.24 (credit)
- earnings announcement at 1 pm, PT today (Oct 27)
- AMZN = $111.30
- prob ITM = 4.69%
- 1 DTE
- market maker move = up/down $11
10/28/2022 (expiration)
AMZN closed at $103.41 (see NOTES below)
My short put expired perfectly
PROFIT: $24
NOTES:
Right after the earnings numbers were released on Oct 27, AMZN plunged all the way from $103.41 to $87.59!! (after-hours market)
Today (expiration), AMZN rallied back up to $103.41. Amazing.
