matt0311 10:17 am on Tuesday, July 17, 2018

AMZN gives this opportunity: STO…

AMZN
gives this opportunity: STO IC 1710/1730/1850/1852.5 with a premium of 4.16 and expiration Jul27. Besides of the issue of Earnings before expiration, anything wrong with this?

Addy 10:24 am on Tuesday, July 17, 2018

I am not the expert, but your AMZN BeCS is currently almost at the money.
- matt0311 10:25 am on Tuesday, July 17, 2018
  
  yes, but the spread is 2.50 and the premium is 4.16, if it ran thru and up i would be happy
MamaCash 10:27 am on Tuesday, July 17, 2018

No doubt you’ll blow out the call side but you’d still be profitable if you did. I’d close this trade before the earnings report if it were me. You never know how a stock will react to earnings.:-)
- Addy 10:34 am on Tuesday, July 17, 2018
  
  Agree with MamaCash
Jeff 11:43 am on Tuesday, July 17, 2018

Interesting idea, I like it. Definitely get out before earnings if you can for less than upside risk.

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