Sold to open $AMZN Oct 26th 1575/1600/1950/1975 condors for 3.75.
IV is jacked up on most, so it allows for wide strangles and condors. Biggest UP move: 13.2%, Biggest DOWN move: -7.6%, Average move: 4.7%. My trade is +11.4% on the upside and -8.3% on the downside. It is a bullish positioning because of the historical ranges, but even if we drop I don’t think we can get to 1600.