Part I: $AMZN - Amazon Poor Man's Covered Call - Calendar Spread

This trade is great for weekly or monthly income. Want to get to F.I.R.E.? This trade will teach you how to profit from options.

This trade is a Poor Man’s Covered Call or Calendar Spread on $AMZN. It appears AMZN 0.00%↑ has been in a downtrend, but that may change. Either way, trading this way will lower your risk and increase your potential profit!

Trading involves risk. Although, I will trade this tomorrow morning, does not mean you should. Trading involves risk and you should make your own decisions. This trade is provided as educational only.

Update, 1/9/2023 at 0653 AM:

Purchased at $13.13

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Update: 1st Week Roll on January 20, 2023

Today we rolled the short call out a month. Unfortunately, the roll price started at $.57, but I didn’t adjust quick enough and next thing I know it’s down to about $.40 cents. I decided to just get it done around 10:00 AM (PST) and ended up filling the roll at $.37.

Roll Started at 6:30 at $.57, Closed at $.37!

Final Trade:

This means we made $1.00 on the roll up and $.37 in credit. The $1.00 roll up is more like a savings account. The Long Call will benefit from this, unless the market comes back down under $81.