The Traderszone Network

I place AMZN Vertical Credit spread last week Oct 24 and filled at my limit price 1.88cr. This is outside my realm, but a friend only trades far OTM credit spreads and always close before expiry. Would anyone in this space close early or wait until option expiry? It’s currently profitable, approximately 55% of max prem $940 realized in 7 days and 100 days to go. Here’s the trade…

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Here’s my close.

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SPY closed at 247.84 on Friday, following gap opens on Th, F.

My call (although aggressive) is it tests back to 245.05 area (this week or next) filling gaps and testing 50 day MA (as of now not seeing any big weekend geo political market moving news).

any one strongly agree or disagree ? Specific reasoning would be helpful….

24/7 Wall St. has put together a preview of Hewlett Packard Enterprise, Kroger and a few other companies scheduled to report their quarterly results this coming week.

An electromagnetic pulse from a nuclear blast miles in the sky could generate pulses that overwhelm the electric grid and electronic devices much as a lightning surge destroys equipment, rather than directly targeting cities and populations for destruction.
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The Latest on the nuclear test North Korea conducted Sunday — its sixth and largest so far (all times local): 11 p.m. U.S.

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Roku has a big challenge on its hands convincing public market investors that they can make money in consumer devices.

Detroit’s Matthew Stafford is earning $27 million per year.