#Earnings Sold to Open $AMZN July 31st 3050/3080/3110 #IronButterfly for 28.45. Risking 1.55 to make up to 28.00 if AMZN ends tomorrow near 3080, or if it swings wildly and passes through the 3080 area. I’ve done this trade many times and paid for the losses by winning two or three times. Doesn’t always sell for this much; 28+ is a good price. But to be clear, probability is highest that it will expire with one side deep ITM , which means a 30.00 debit (thus the 1.55 loss).