Shared by
tradelikelarry
Trade Planning:
- Daily Chart: Uptrend, Consolidation below ATH.
- TTM Squeeze: Daily
- Earnings Date: 2/2
- IV: 60%
- Potential Profit: $103
- Potential Loss: $2897
Reason For Entry:
- Playing the Daily chart, Put Credit Spread. This was a signal from Josh at our rocketspreads discord. AMZN reports after hours today. There's no reason to believe that amzn has lost any dominance over it's market share. We are expecting strong earnings and iv is greater than 60%.
Reason For Exit:
- AMZN beat on earnings and we held the position until expiration on Friday and collected 100% of the premium received.
Recap:
-
This was a signal from Josh at our rocketspreads discord. AMZN reported after hours on the day of entry and we were expecting good news to be realeased. There's no reason to believe that AMZN had lost any dominance over it's market share. We were expecting strong earnings and iv is greater than 60%. The elevated IV is due to the pending news event. AMZN beat on earnings and we held the position until expiration on Friday and collected 100% of the premium received.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2021-02-02 10:29:07 | 5 FEB 21 3040 PUT | buy | $5.100 | long |
| 2021-02-02 10:29:07 | 5 FEB 21 3045 PUT | sell | $5.280 | short |
| 2021-02-02 11:03:02 | 5 FEB 21 3040 PUT | buy | $5.340 | long |
| 2021-02-02 11:03:02 | 5 FEB 21 3045 PUT | sell | $5.500 | short |
| 2021-02-02 11:03:24 | 5 FEB 21 3040 PUT | buy | $5.060 | long |
| 2021-02-02 11:03:24 | 5 FEB 21 3045 PUT | sell | $5.230 | short |
| 2021-02-02 11:14:10 | 5 FEB 21 3050 PUT | buy | $4.930 | long |
| 2021-02-02 11:14:10 | 5 FEB 21 3060 PUT | sell | $5.270 | short |
| 2021-02-06 11:11:37 | 5 FEB 21 3045 PUT | buy | $0.0000 | 0 |
| 2021-02-06 11:11:40 | 5 FEB 21 3060 PUT | buy | $0.0000 | 0 |
| 2021-02-06 11:46:50 | 5 FEB 21 3050 PUT | sell | $0.0000 | 0 |
| 2021-02-06 11:46:56 | 5 FEB 21 3040 PUT | sell | $0.0000 | 0 |
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