I have the following options and I am just wondering what I will probably see tomorrow, a loss or gain:
1 Feb 230 put at 1.85 (a good bit below the close price)
1 March 220 Put 2.08 (good bit below close price)
3 March 210 Put 1.51
and then I have:
2 Feb 320 calls at 0.81
1 Feb 305 2.42
1 March 310 at 2.62
I will probably unload the calls at the open and reload and depending on the March puts, I may sell those as well. I just wanted to straddle the stock on an earnings play for fun. I know its not much money I invested but I just added this stock to my list so I will invest a whole lot more once I learn its movement.
The puts are worthless.
At this point I would hold onto the calls and NOT sell them at the open. If the markets go higher, it will take AMZN higher...and your calls will jump. AMZN may touches $300 in the next few trading days.
Your march call will probably hold most of its value since it's still a month+ away. the puts will be worth not much at all. the feb calls probably just about worthless. Be wary of the open tho, this could spike towards 300 since it's so close to it that it might just want to test it out. in terms of the puts. well you are 25% away and that's a big move which probably won't happen given the lack of a drop on the ER.
The 300 calls will go up huge...I am confused on why you say worthless! I am willing to bet that I gain a dollar on each call option I own (at the very least, we are talking a 10% gain in SP since I bought them today) if the stock opens above 280. I am not talking weekly options I am talking Feb expiration and March expiration. I will say Feb 320 calls will be at 1.81-2.10 the 305 will be 3.50-4 and the march will probably see the least amount of volume and usually the least amount of movement but I will say 3.5-4 as well. The puts will drop a dollar each if not more.
Now, I will sell the calls at the open depending on the movement and hold the puts because I think this stock will fall below the levels its trading at now and I will also reload on some calls to hedge and do what Ive been doing on Apple since 12/28 and have made over 15K just trading options.