Market Analysis (4/12/24)

Action Items:

6:33 AM PDT Buy AMZN $185 PUT 4/19 (10 contracts at $1.55)

6:40 AM PDT Buy AMZN $185 PUT 4/19 (10 contracts at $1.52)

8:46 AM PDT Sell AMZN $185 PUT 4/19 (20 contracts at $1.66)

8:59 AM PDT Buy AMZN $185 PUT 4/19 (10 contracts at $1.76)

9:08 AM PDT Sell AMZN $185 PUT 4/19 (10 contracts at $1.81)

*Kicking myself for being impatient. Contracts reached high of $2.25 from initial purchase. Sold out as it came back down in order to secure profits and a green day.

At 9:20 am contract reaches $2.31 (Daily High). I am writing this at 9:33 am.

Closing notes:

*Not upset with a green day. Impatience got the best of me. Weak day in the market. Will look to enter again Monday. Will update this post by EOD 4/12/24 with a deeper analysis of portfolio and returns. As of writing, I guesstimate returns at around ~7.79% dollar value ~$239.15 for the first sale and ~2.84% dollar value $50 for the second trade.

Lame!