Tuesday, April 10, 2012

Trade: Sold AMZN Apr 175/170 Credit Put Spreads

Big selloff the past two days following the ugly employment report last week.  Was hoping to get an entry last Wednesday but didn't.  Now looking for Amazon (AMZN) to hold the 50-day sma.  Also keeping the short strike under the ascending trendline and lower Bollinger band.

Sold AMZN Apr 12 175/170 put spreads for ($0.75-$0.47) x 100 x 5 spreads = $140 premium received

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