Doing a Whiz type trade on this. He’s been suggesting AMZN for awhile but I’ve been waiting for a pullback. Mine is modified slightly from his. He buys a 2019 put and I sell a bull put spread instead. Similar loss profile but cheaper up front. Selling weeklies to pay the bill. Even if AMZN stays flat forever, with a conservative weekly call sale of about 4 bucks, this trade makes 22 grand. Obviously, the risk is AMZN tanking to below 500 where I would own the stock.

Sold 1 AMZN JAN 18 2019 500.0/400.0 Bull put spread @ 14.85
Bought 1 AMZN JAN 18 2019 600.0 Call @ 258.85
Sold 1 AMZN NOV 4 2016 795.0 Call @ 5.30

I’ve been in a similar trade on GS for about 2 months….it’s working great. Planning on exiting it in December after the rate hike and banks spike.