Options Strategies

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Msg 3579 of 6488 at 9/17/2019 10:52:02 AM by

In response to msg 3578 by sandiegodude2000	view thread

Re: Weeks 58-59 // 2nd LT Recommended Trade (AMZN)

I've been reviewing AMZN's daily trading during the time I was away. Yesterday was a

telling moment for this stock, as fears of a Mid East conflict rippled through the market.

During that time, AMZN was repeatedly pressed to go below $1800. Every time, it

refused. Combined with its recent strength, and my gut instinct having traded options on

this stock for years, I'm recommending this 2-step trade.

Step 1 is this:

LT2: Sold (5) AMZN 1805/180250 put spreads for +.84 (+4.20). MU = 1.66 (8.30)

at 10:49am when AMZN = $1814.

Thesis: > 1805.

What is the 2nd step? For those willing to accept this trade as a 1-and-done, there is

no 2nd step. ButI I expect to sell call spreads later in the week when I perceive a top

for the week has been hit.

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Msg #	Subject	Author	Recs	Date Posted
3580	Re: Weeks 58-59 // Tuesday After the Close Update	sandiegodude2000	0	9/17/2019 4:52:41 PM