1-17-17 – Intraday Update
Just closed out my two amazon spreads. Selling the short side while it was going against me is what turned this into a profitable trade.
Bought to close 10 AMZN (Amazon) Jan 20 $835/$860 Vertical Call Spread @ $.60 ($200 Profit)
Bought to close 6 AMZN (Amazon) Jan 20 $780/$760 Vertical Call Spread @ $.26 ($576 Profit)
Total of $776 profit
1-13-17 – Intraday Update
AMZN (Amazon) hit a Keltner Top today after 3 days higher. I’m adding another vertical call spread expecting that it can’t sustain this movement before Jan 20 with a short trading week next week.
I may not get filled since I’m expecting a higher move intraday to fill this order.
Sell to open 10 AMZN Jan 20 $875/$850 Vertical Call Spread @ $.75 ($750 Credit)
- Sell Jan 20 $850 Call
- Buy Jan 20 $875 Call
1-11-17 – Intraday Update
Sold to Open 10 AMZN (Amazon) Jan 20 $835/$860 Vertical Call Spread @ $.80 ($800 Credit)
Amazon is having a bullish day so I’m asking .80 vs the current ask of .75 for the spread. I should get filled if it ticks up a bit higher, but if it’s within reason, I will drop my price near market close to ensure I get filled.
This is similar to my recent order, but a week further out. Global markets aren’t showing as much strength today and a day or two of slowness could be all I need to get this filled for a 50% profit.