fuzzballl 6:59 am on Thursday, April 6, 2017
Tags: LongCallDiagonals ( 99 )

AMZN adjustment

#LongCallDiagonals – Taking a little risk off the table with this big up move finally stalling…

Rolled Jan 2019 600 call up to 750 @ 112.0 credit.

geewhiz112 7:05 am on Thursday, April 6, 2017

Smart move. Nothing fuzzy about your approach.
- prvtrader 7:14 am on Thursday, April 6, 2017
  
  What are these? Covered Calls, or naked shorts.
  - fuzzballl 7:23 am on Thursday, April 6, 2017
    
    On Oct 28, 2016 after AMZN tanked on earnings (it eventually went even lower) I bought a Jan 2019 600 call and sold a 500/400 BuPS to reduce cost a little. Figured even if AMZN went nowhere I could sell front month calls against this position for the next 116 weeks and still turn a decent profit. Fighting one of those front month calls that ended up ITM but working good so far.
    - prvtrader 1:13 pm on Thursday, April 6, 2017
      
      Very good trade. Now I understand. Thanks.

Leave a Reply Cancel reply

s: search
c: compose new post
r: reply
e: edit
t: go to top
j: go to the next post or comment
k: go to the previous post or comment
o: toggle comment visibility
esc: cancel edit post or comment