ALTB – Hit Profit Target – Closed AMZN Bull Put Spread JUN30 887.5/890
Nice to see a quick profit. AMZN is solidly up and we hit our $.10 limit order that was waiting for a profitable move.
The original
ALTB – Open AMZN Bull Put Spread JUN30 887.5/890
AMZN is a strong and consistent bullish stock. It is best in class for the industry and has been on an uptrend for a long time. We have a nice gap between now and its next earnings announcement. It also has a reasonably high level of IV we can work with. This sets us up for a good Bull Put candidate.
ALTB – Closed AMZN Earnings Iron Butterfly – MAY5 885/920/920/955
AMZN gapped a bit high last night, but by
ALTB – Open AMZN Earnings Iron Butterfly – MAY5 885/920/920/955
AMZN has its earnings announcement tonight. This is causing the IV in the near term options to become highly over priced. Our normal Dual Calendar trades are not working due to odd effects in the IV structures, but we took this AMZN Iron Butterfly position as an alternate earnings trade.
ALTB – Closed AMZN Pre-Earnings Bull Call Calendar APR21/MAY5 920
AMZN was pulled down along with the rest of the market with last week’s dip. Over the last few days, it rallied back and we can close the trade out at break even. The trade needs to be closed by tomorrow afternoon and there are high short-term risks if AMZN drops. The safest choice was to close the position at break even.
ALTB – Open AMZN Pre Earnings Bull Call Calendar APR21/MAY5 920
AMZN has been in a solid uptrend. We are combining this with the volatility effects from the upcoming earnings announcement to create a Bull Call Calendar.