Scott Bauer has had Amazon Inc. (AMZN) on his radar all week, and pulled the trigger on an AMZN earnings trade that paid off big time.
On Wednesday, Scott laid out an example trade for AMZN on the Schwab Network — hours before they reported earnings:
- Bullish Iron Condor
- Selling 5/1 $250 & $245 put spreads
- Selling 5/1 $280 & $285 call spreads
- $2.50 credit
Amazon smashed earnings expectations, and made some wild moves in afterhours trading.
The result?
Scott sold the iron condor setup at $2.50. He closed it out on Thursday morning at 55 cents — a 78%* return overnight!
Scott recorded this video that breaks down how his example trade unfolded.
The analysis, insights, and strategies shared by Prosper Trading Academy’s coaches in Prosper Insider are strictly for educational and informational purposes only. All content reflects the personal opinions of the coaches and should not be construed as specific investment advice or recommendations. Any examples discussed are illustrative in nature and do not represent actual live trade signals or instructions to buy or sell securities. Trading involves risk, and individuals should carefully evaluate their own financial situation before making investment decisions.
Scott’s analysis covers:
- AMZN’s big move that kept Scott from going long
- His decision to harvest premium
- The $36 range he expected AMZN to trade within before Friday
- Why selling the iron condor at $2.50 was a timely move
- How AMZN has traded since he closed out his example trade
Find out how to start working with Scott
Scott didn’t get lucky in this AMZN trade idea — he follows a time-tested system for trading options that he’s used for years.
It’s the same system that helped him make over $900K in one day on the CBOE floor, and more than $2.1 million in one month…
It’s helped him trade through some of the most volatile market conditions — from the 2008 recession and 2020 crash, to the markets hitting new all-time highs.
The point?
Scott’s system is still showing results after all these years — in some of the best and worst market conditions — for him and many of his students.
Want to start getting these kinds of trades from Scott?
He’s enrolling new students in his Options Essentials Program, where you can start following the markets with him, live during trading hours.
Here’s what you’ll get:
- Scott’s weekly Live Trade Signals in real time
- Access to Scott in his Live Trading Room every day when the market is open
- In-depth strategy sessions
- Video course material
- Daily watchlists sent every morning via email
- And much more
Fill out an application for Scott’s Options Essentials Program
