Update: Changed profit target to 80% from 50%. With today’s upside, I want to give this trade more room to profit.

Update2: Closed for 70% profit.

STO AMZN Sep28 1/-2/-1/2 1915/1885/1855/1820 PUT/PUT/PUT/PUT @ 8.69 credit. GTC order to close at 4.35.
This is a rinse and repeat trade. I take 50% profit and replace with another 30dte trade. Management is minimal. If stock price lines up with the peak on the risk graph, cut the delta in half by selling a 35/20 delta call credit spread, a long put or whatever you prefer.

#lophir