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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# Options Hub

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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  • JeanWong06
    ·2023-10-02
    Great ariticle, would you like to share it?
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  • Sonic Geko
    ·2023-10-02

    Great ariticle, would you like to share it?

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  • Sonsonkok
    ·2023-10-02

    Great ariticle, would you like to share it?

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  • NIs
    ·2023-10-01

    Great ariticle, would you like to share it?

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  • Tangan
    ·2023-10-01
    Thanks
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  • KSR
    ·2023-10-01
    👍
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  • andrew123
    ·2023-10-01
    like
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