Stock / Symbol: Amazon / AMZN
Strategy: Bull Put Spread
Trade entry date / price: 16 Nov 2020 / $3122
Price at this post: $3156
Reasoning: Entering in the exit order now, to fill with 78% of the profit potential captured. This position's current Greeks are: 0.4 Delta, 7.2 Theta, and -1.9 Vega.
Trade Exit Order:
BTC 1 AMZN 20Nov20 2990 put
STC 1 AMZN 20Nov20 2985 put
For a max net debit of $0.15 per contract (GTC order, limit order). The mid is currently at a debit of $0.25. This may take a day or two to fill with AMZN trading over $3130.
Analysis:
Max Risk: $430
Max Reward: $70 or 16% with AMZN over $2990 on Nov 20th
Profit Range: AMZN at/over $2989.50 on Nov 20th
Estimated Commission (round trip): $2.60
Downside Stop at: $2990
Anticipated Profit / Loss upon fill: $55 or 12.8% (pre commission)
