Closed for $2.5 for almost 28% of max loss
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AMZN fell below it's one standard deviation move after being such a strong stock in the last few weeks. $245 is in the middle of one standard deviation and two standard deviation and I think there are good chances AMZN will hold 240-245 range for the week, maybe even next week. Volatility is higher which gives some juice to the premium too.
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| AMZN daily chart showing standard deviation and increasing volatility |
Trade:
Sell 1X $245 Weekly put
Buy 1X $240 Weekly put
(Got a credit of $1.5)
*Please do your own research before buying any stock listed here. Disclaimer.
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