Amazon (AMZN) is reporting earnings on Thursday after the market and I plan on taking two trades to take advantage of the increased volatility (currently 53.85%) and sell a few contracts. We will be selling a bull put spread now and on Thursday we will be selling an Iron Condor.
Here is the first trade:
STO 1 AMZN Feb3 825 put
BTO 1 AMZN Feb3 805 put
@ 8.55 credit
We will do nothing with this trade until after the earnings report.
If the stock drops however, we will attempt to buy it back or roll it.
And here is a trade journal for this trade: