AMZN JAN10 Trade Adjustment
December 8th, 2009, 9:47 am EST. Posted under Margin Portfolio (MP) by ThetaTrader.
Post Tags: , AMZN, CLOSED
12/08/2009 - ThetaOptions Margin Portfolio – AMZN Wide Short Strangle Adjustment 1
Like I said, we’re more concerned about Amazon falling back to 100 than we are about anything else. Therefore, we’re going to purchase a JAN10 vertical PUT in-order to achieve a wider profit range. Of course this will take away from our total profit, but I don’t want the Ghost of Christmas Past to visit us over the holidays 
Order:
Buy To Open: (1) AMZN JAN 110/100 Vertical PUT Spread – $0.58 debit
GTC order:
Buy To Close: (1) JAN 10 100 PUT – 0.10 debit (We have a standing order to buy back the short PUT!)
Position:
