Selling our AMZN put contracts.
Shares of AMZN are surging higher as this bear market rally picks up momentum.
Fortunately, we’ve got plenty of exposure on the bull side.
So our overall profits are accumulating.
Still, it makes sense to close out this bearish play as AMZN trades above our $120 strike price.
We’ll keep a close eye on AMZN and other stocks on our bearish watch list for new entry points farther down the road.
- Selling (to close) our AMZN October 21st $120 Puts
- Limit $3.30 or more
- Executed 10:17
- SOLD 6 AMZN Oct 21 $120 Puts @ $3.36