AMZN Bear Call Spread
October 23rd, 2009, 1:40 pm EST. Posted under Margin Portfolio (MP) by ThetaTrader.
Post Tags: , AMZN, CLOSED
10/23/2009 - ThetaOptions Margin Portfolio – AMZN Bear Call Spread
AMZN posted some nice numbers today, but does that justify a 25% increase in the stock with an existing P/E of 78. We surely don’t think so, so we’re entering a nice little “Bear Call Spread” position.
Nov 09:
Sell to Open: (1) 115/120 NOV Vertical Call – $2.40 credit
Risk: $2.60
