Selling our AMZN put contracts.
The market is extremely oversold and due for a sustained bear market rally. And while AMZN has been an extremely profitable short position for us this quarter, there is a high probability the stock will move higher if and when the market rebounds.
We’ll close out this position today, which tilts our exposure more towards the bullish side of the ledger. Of course we’ll continue to watch AMZN and potentially roll out a new bearish position if the market tone changes.
- Selling (to close) our AMZN July 15th $110 Puts
- Limit $4.30 or more
- 10:38 Executed
- Sold AMZN July 15th $110 Puts @ $4.65