What are the chances for AMZN to stay in-between 65.24 to 70.73 by June expiration, in 18 days?
How about this one........
What are the chances for AMZN to close below 65.24 or above 70.73 in 18 days?
I pondered on the 2nd question and executed the following trade on 5/25 just moments b4 the close. (click on image to enlarge)
As long as AMZN is outside of 65.24 to 70.73 I can't lose.
------------------------------------------------------------------------------------------
Trading options may involve significant risk of capital. Trades posted here should be considered for informational or entertainment purposes only and not actual trading advise. Please consult your licensed broker or advisor before placing any trades.
------------------------------------------------------------------------------------------
6-11 trade update
At 10:11 am EST today I bot back 5x of the jun 72.5p for 1.35 each (originally sold for 4.75 each). Taking some $$ off the table and most importantly, reduced my max risk considerably.
Cumulated P/L shown below.
6/12
Towards the close sell to close 5x jun 67.5p for .25 a piece to reduce decay against me.
6/13
exited 2x 72.5/67.5p spread for 1.94 ea at around 10:15am EST. Upper wing is done all with profit. Entering a limit sell order for .15 10x 67.5/65p to exit the lower wing. Any recoup from the lower wing at this point I consider a bonus.
Exited 10x 67.5/65p spread for .15 a piece on that dip intraday. Limit order executed at 1:09 EST. I am all out with +$460 for 20% return (max margin was $2250).
