Option Stratgies: COST, .SPX, SPY& AMZN

Hello everyone! Today I want to share some option strategies with you!

Closed out our put trades on $Costco(COST)$ for profit and to free up buying power to potentially sell some spreads on $S&P 500(.SPX)$ $SPDR S&P 500 ETF Trust(SPY)$ .

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$Amazon.com(AMZN)$ Decided to roll it to next week and lower the strike. We're still overall in a bearish environment, and who knows what is gonna happen with the govt shutdown this weekend. Will wait for confirmation that this bounce is in fact sustained before entering into a position. Wouldn't mind taking assignment where AMZN found buying support ... back at 124.

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Ladies & gentlemen ... decided to get into optionselling on $S&P 500(.SPX)$ . Let's see how this goes ... especially with the govt shutdown decision looming this weekend. Sold spreads with Oct 2 expiration.

- 4365/4370 call spread

- 4190/4185 put spread

Will look to sell Oct 3 expiration on Monday, Oct 4 on Tuesday, etc. etc.

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Traded in two accounts and booked profit of $7,024.72 from optionselling trades for this week.

Waiting for confirmation of other positions that should expire worthless tomorrow. Will then publish an updated "official" post adding in that net P&L.

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