🔥Weekly Trade Ideas🔥

Amazon stock has fallen a bit from its highs. Now trading around $223. I feel comfortable owning this stock at this price but why not see if I can get it cheaper and collect some premium along the way. With that being said I went ahead and sold a CSP at a 210 strike. With earnings coming up next week for this stock, I was able to get some juicy premium at pretty good Delta of 22. If I get assigned the shares then I will turn around and sell a cover call.

Nomad

Stock Price Strike Price (DTE) Call/Put
$223 $210 7days PUT
Contracts Premium money invested ROI
1 $2.21 $21,000 1.05%
Total money earned $221

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