Shared by
billjf
Earnings play for Jan 31 - Expecting big upside move
AMZN currently at 1860
Butterfly strategy on CALLS expires FEB 7
Body placed at 1980
Wings are 20 points wide at 1960 and 2000
Cost: $83
Max profit: $1917
Risk: $83
AMZN must settle between 1960 and 2000 by FEB 7 for profit
1/31 - AMZN rocketed up past 2000 and settled around 2007 by end of day
Sold to avoid being assigned
AMZN not coming back down
Sold at $89
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2020-01-30 11:55:00 | FEB 7 1980 CALL | sell | $8.650 | short |
| 2020-01-30 11:55:00 | FEB 7 1960 CALL | buy | $11.510 | long |
| 2020-01-30 11:55:00 | FEB 7 2000 CALL | buy | $6.610 | long |
| 2020-02-04 15:57:00 | FEB 7 2000 CALL | sell | $53.400 | 0 |
| 2020-02-04 15:57:00 | FEB 7 1980 CALL | buy | $71.990 | 0 |
| 2020-02-04 15:57:00 | FEB 7 1960 CALL | sell | $91.470 | 0 |
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