The following is the third premium selling trade for August 5th expiration: The goal is to try to get around 3 premium selling ideas per week targeting 10-20% in gains. Given the nature of the trade all of the trades will have stops set in place given the exponential loss potential. Premium selling is a great way to bring in cash flow as well as put on a trade playing for a range in a stock.
Took off 1/2 of AMZN Iron condor at $.42 from $1.00 short entry (just as a precaution). 58% profit