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:
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