Dear Jive Traders!
New trade idea: AMZN Jade Lizard with NO upside risk.
Amazon premiums are JUICY right now with an IV Rank of 72. Earnings ahead, but fundamentally AMZN isn't overpriced.
Potential profit: $613 if AMZN doesn't move too much after earnings. Perfect setup to capitalize on high volatility while staying protected.
This is why we love premium selling, especially with earnings in play!