Amazon.com Inc (AMZN)

[zivtheziv]

Thank you Asher for the welcome.

The spread is for November 2014 expiration which will be in about a month so it's still open.

The premium I got on the 300-290 put spread was $275.

On the sell side I got $880 and on the buy side I paid $605 so that means I will start losing the premium only if AMZN will be less than $297.25 for a maximum loss of $275 if it will fall below $290 by expiration next month.

This trade is now losing yes and the premiums of the options are sky high right now but there is still a month to go.

I don't expect to win all my selling trades, if I can win about 75% of times by selling options like I did in my private life in the past 10 years, that's how you make money and become rich.

You can check my twitter for other trades I took.
Since started two days ago, I opened 6 trades so far including one trade on $BJRI that I closed at a 73% profit after one day instead of waiting the whole month of November.

My goal is to catch at least 50% of the premium that I get and close the position for a profit without risking the time till expiration.

Hope this helps and if you have any questions, feel free to talk to me here or on twitter.

I will try to post my trades on each of the boards related to each stock for a long term review.

It's only my second day here as an active member so still learning the ropes :)