Amazon pulled back today and held at the rising support line. Stochastics have worked off their oversold conditions, and the Bollinger band and 50-day moving average have risen above the short strike, which is also over 3 ATRs away. A little bit of price/volume resistance in the 245-250 area as well.
I'm not condoring these spreads right off the bat. If anything, I will wait and watch the price action over the next few days. Currently an 84% probability of max profit on this trade.
STO AMZN Oct 240/235 bull put spreads for ($1.62-$1.10) x 100 x 5 lots = $260 credit