fuzzballl 10:27 am on Friday, December 9, 2016
Tags: IRA ( 431 )

AMZN long call diagonal

#IRA – Selling against a long 2019 position…

Bought to Close AMZN DEC 9 2016 775.0 Call @ .05 (sold for 3.67)

Sold AMZN DEC 16 2016 780.0 Call @ 4.10

jsd501 10:33 am on Friday, December 9, 2016

Which long call did you buy?
- fuzzballl 10:40 am on Friday, December 9, 2016
  
  Click on my name and scroll back through the posts to here for all the gory details…LOL
  
  (11:13 am on Friday, October 28, 2016)
  
  =====================================================================
  
  Lots of AMZN posting between now and then also on all the weekly call sales.
  
  Here’s the basic info:
  
  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
  
  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.
jsd501 10:59 am on Friday, December 9, 2016

AMZN
BTO 600 call @241.50, January 2019
STO 500 put @27.50, January 2019

STO 780 call @4.30, December 16
Thanks for the idea, staying small.
- fuzzballl 11:04 am on Friday, December 9, 2016
  
  Can’t get any smaller than my position!
  - jsd501 11:07 am on Friday, December 9, 2016
    
    I did 2 contracts and am trying to do the same with GOOGL but no luck yet.

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