Weeks 58-59 // 2nd LT Recommended Trade (AMZN) | Options Strategies Message Board Posts

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Msg  3579 of 4038  at  9/17/2019 10:52:02 AM  by

sandiegodude2000


 In response to msg 3578 by  sandiegodude2000
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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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Replies
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


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