12/24/2022 Plan:
This week we look at a small retailer called “Amazon” (Ticker: AMZN)
12/24/2022 Plan (continued):
- AMZN – Sell Jan 27 75/70 put spreads for 0.56 OR
- AMZN – Sell Jan 27 75 puts for 1.10
- Prices are as of market close 12/23/2022, actual fill and strikes may differ depending on Monday’s open, post will be updated accordingly.
- All trades are for educational purposes and do not constitute advice
12/24/2022 Commentary:
While we aren’t on a first name basis with all of the Amazon delivery personnel, I feel we’re getting pretty close… I like AMZN for the long term and they like the amount of $ we send them. This trade assumes that the decline stops above the 75 level. I’m personally selling puts as I’m happy to add shares here, but the trade is a fine risk/reward for AMZN that is currently trading above $85.
I also plan to sell some more put spreads in META, the Jan 27 100/95 for 0.50. Not an ‘official’ trade idea, but passing it along as a consideration.
Feel free to Reach out with questions on this or anything else!
12/27/2022 Entry:
Sold AMZN Jan 20 75/70 put spreads for 0.55. Also sold Jan 27 75 for 1.30 – note this is for those wanting shares. Most would do one or the other. The Jan 27 75/70 is also available for premium, but longer duration – also a fine choice.
