Small Account Trader PRO Alert: AMZN Trade Re-Set

Our AMZN broken wing butterfly that expires 9 Dec is the other position we need to manage today. 

 

We collected a 2.09 credit open this trade and will pay a net debit of around 3.60 to close the position and re-open for a credit of around 1.70. We are going to give ourselves a little longer time in this trade with a 30 December expiration.

 

TRADE RE-SET

 

Amazon (AMZN):  88.66

TRADE CLOSE

 

TRADE ACTION 1:  CLOSE the AMZN 9 Dec 88 / 93 put and the AMZN 9 Dec 93 / 94 call broken wing butterfly for a net debit of around 3.60

STC the AMZN 9 Dec 88 put

BTC the AMZN 9 Dec 93 put

BTC the AMZN 9 Dec 93 call

STC the AMZN 9 Dec 94 call

 

TRADE RE-OPEN

 

TRADE ACTION 2:  OPEN the AMZN 30 Dec 79 / 84 put and the AMZN 30 Dec 84 / 85 put broken wing butterfly for a net credit of around 1.70

BTO the AMZN 30 Dec 79 put

STO the AMZN 30 Dec 84 put

STO the AMZN 30 Dec 84 call

BTO the AMZN 30 Dec 85 call

 

The Master Portfolio is trading 5 contracts.