Autozone (AZO) opportunity

I forgot to congratulate those who took the AZO trade from 1/13. It is a HUGE win thanks to a headline that AMZN could enter the arena and compete.

I had two versions written up:

* Feb 750/760 debit put spread: Was 2.95 to enter ===> now is $6 = profit of $3/contract (a double).

* Mar 720/710 debit put spread: Was 1.35 to enter ===> now is $3.05 = more than 1.5/contract in profit.

Either case and even though there could be more meat on this bone, I'd book it.

Posted to Create Income with Options … on Jan 23, 2017 — 5:01 PM

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