AMZN turned out to be a decent little position for what we were trying to do, I'm going to keep an eye on it and decide when it is time to start adding back the partial position closure of the equity short, remember I wanted to add AMZN at higher levels and thought we'd get them (thus we rode AMZN higher with Calls).
With the $12.30 fill, the gain came out to +67% or nearly $5k.
This along with the earlier IWM Puts and yesterday's SPY calls puts our option tracking portfolio (not a true model portfolio as it is used to track all potential trades) at #12 for the week so far of 707 total portfolios.
Is interest rates about to start going up?
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Yes, I know - it does not make any sense - FED is about to cut
rates...but....real world interest rates are not always what FED wants it
to be.
5 years ago
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