AMZN: trade risk management to manage a losing trade.
Rolled the expiring 11th July covered call for AMZN with strike if $220 to 25th July with strike of $225.
As of trade setup, AMZN was having a bullish day and moving upwards so there is little chance that it will close below $220.
Decided to roll the call further to buy some time at close to breakeven cost.
By the time market close for the week, AMZN had close at $225.02 and is already at the money for my new call strike so I'll have to monitor the market trend in the next 2 weeks.
If it continues to go higher, I might close this call for loss and take profit for the underlying long positions so as to nett off the trade and minimise trade management requirements.
| Side | Price | Filled | Realized P&L |
|---|---|---|
| Credit Close | -0.05 1 | -- Closed |
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- bubblyo·2025-07-13It's smart to roll the call to manage risk. Watching market trends closely is key to your successLikeReport
- DeltaDrift·2025-07-14What happen to this trade?LikeReport