This post is restricted to paying members. To follow are specific new trade details:
Stock / Symbol: Amazon / AMZN
Strategy: Bull Put Spread
Trade entry date / price: 11 May 2022 / $2185
Price at this post: $2212
Reasoning: With AMZN holding steady at the 2100 - 2200 range for a couple of weeks now, my target of a 5% return is in sight. So, I'm entering my exit order now. At the time of this post, the position Greeks are: 0.3 Delta, 0.0 Gamma, 2.8 Theta, and -2.4 Vega.
Trade Exit Order:
BTC 1 AMZN 17Jun22 1700 put
STC 1 AMZN 17Jun22 1690 put
For a max net debit of $0.40 per contract (GTC order, limit order). The mid is currently at a debit of $0.40. I have not yet been filled.
Analysis:
Max Risk: $915
Max Reward: $85 or 9.3% with AMZN at/over $1700 on Jun 17th
Profit Range: AMZN over $1700 on Jun 17th
Estimated Commission (round trip): $2.60
Downside stop: $1775
Anticipated Profit / Loss upon fill: $50 or 5.5% (pre commission)
