Amazon.com

Earnings Straddle Part 4: Legging out. Selling remaining calls.

175
We legged out by selling our remaining calls at the end of the day. We did this because our signal to exit was a red candle close, which was printed, so we sold despite the loss.

The buy put cost us around 4-5k. The buy call cost us around 2k.

The price variation was a lot greater on the buy put than on the buy calls. Don't know what that was all about, as the strike price was only 5$ away, which is the nearest interval for AMZN stock, and the expiry was the same date.

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