Selling our AMZN put contracts.
After testing the lows from earlier this month, AMZN appears to have found support. The stock could move sharply higher if we get a true bear market rebound.
While we’ll be taking a loss on these specific contracts, we’ve already locked in more than $16,000 in profit from AMZN from previous positions this month. So overall, AMZN has been an effective way for us to partially hedge our long exposure.