Weeks 58-59 // Updates on LT1 and LT2 | Options Strategies Message Board Posts

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Msg  3586 of 4052  at  9/19/2019 3:27:06 AM  by

sandiegodude2000


 In response to msg 3585 by  sandiegodude2000
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Re: Weeks 58-59 // Updates on LT1 and LT2

If you'll recall from post 3584, I had offered up instructions for any folks invested in
LT1 or LT2 (both AMZN positions). I had given $1797.50 as the threshold for executing
2 trades on each position. In hindsight I should have picked the next lower strike of
$1795, which held up on the day.
 
However, this is what happened for me at 2:15pm, when AMZN dipped below $1797.50:
 
LT1A: Closed AMZN 1850/1852.50 call spread AND
          Sold AMZN 1805/1807.50 call spread for +.92
 
LT1B: Closed AMZN 1805/1802.50 put spread for -1.44
 
Thesis: <1805
----------------------------------------------------------------------------------------------------------
LT2B: Closed (5) AMZN 1830/1832.50 call spreads AND
          Sold (5) AMZN 1805/1807.50 call spreads for +.74 (+3.70)
 
LT2C: Closed (5) AMZN 1805/1802.50 put spread sfor -1.44 (-7.20)
 
Thesis: <1805
 
Obviously, with AMZN taking off after holding at $1795, there is work to be done on
bringing home a profit for both of these positions.
 
 
 


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Msg # Subject Author Recs Date Posted
3587 Re: Weeks 58-59 // Wednesday After the Close Update sandiegodude2000 0 9/19/2019 4:27:28 AM


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