On June 8th https://www.theoptionplayer.com/ executed an Amazon.com, Inc. (NasdaqGS: AMZN) June 29th expiration (21-day) trade adjustment. June 29th expiration option contracts expire today and we will let all the call options expire worthless with the maximum profit. Confirmation information is displayed below.
Login with a Premium Subscription to view data/images
The chart below confirms that Amazon.com, Inc. stock remains below our $1,745 sold call.
Amazon.com, Inc. (NasdaqGS: AMZN) shares are currently trading below our sold call. If the stock remains below $1,740 we plan on allowing all the contracts to expire worthless.
• However, if the price moves higher, we will initiate an order to close out the position (buy back all the sold call option contracts).
• Most brokers will let customers initiate some type of contingency order that will automatically execute if a stock reaches a specified price.
• One alternative is to just play it safe and close out the trade at the current price.
Whatever you decide DO NOT let Amazon.com stock end the day above the sold call at the close of trading today; otherwise you will be automatically assigned by the broker over the weekend.
The information presented here is for educational and informational purposes only, and this document is not to be construed as an offer to sell, or the solicitation of an offer to buy, securities. The analysis provided is based on both technical and fundamental research and is provided "as is" without warranty of any kind, either expressed or implied. Although the information contained is derived from sources which are believed to be reliable, they cannot be guaranteed. Some investments are not suitable for all investors, and there can be no assurance that any investment strategy will be successful.