Call Spread on AMZN on 1/17/2023

Amazon.com, Inc. (AMZN) engages in the retail sale of consumer products and subscriptions through online and physical stores in North America and internationally. 

The company operates through three segments: North America, International, and Amazon Web Services (AWS). Its products offered through its stores include merchandise and content purchased for resale; and products offered by third-party sellers

The company also manufactures and sells electronic devices, including Kindle, Fire tablets, Fire TVs, Rings, and Echo and other devices; provides Kindle Direct Publishing, an online service that allows independent authors and publishers to make their books available in the Kindle Store; and develops and produces media content.

In addition, it offers programs that enable sellers to sell their products in its stores; and programs that allow authors, musicians, filmmakers, Twitch streamers, skill and app developers, and others to publish and sell content. 

Shares have formed a bullish "cup and handle" and should move higher.

We will be trading February 17th Call options.

Last Trade: $98.12

Trading Range: 81.43 - $170.83

Trade Buy 1 February $95.00 Call at $7.50 Sell 1 February $105.00 Call at $3.10 For a net debit of $4.40 Profit/Loss Analysis Breakeven at $99.40 Maximum profit is $560.00 at strike of $105.00 Maximum loss is ($440.00) at strike of $95.00 Closing Summary Sold 1 February $95.00 Call at $17.50 Bought 1 February $105.00 Call at $9.50

Position closed on 2/2/2023 at price of $8.00 with a 81.82% gain in 16 days.

Updates

2/2/2023 11:08:21 AM

AMZN call spread closed

Back to Portfolio