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Barchart

Mark R. Hake, CFA

Amazon Stock is a Bargain on Prime Day - Make a 2% Monthly Yield Shorting AMZN Puts

Amazon.com Inc. Amazon Barchart NTM

Amazon.com (AMZN) Prime Day is here, but the real bargain for investors is AMZN stock. Investors can make over a 2.0% monthly yield by selling short 6% out-of-the-money (OTM) put options. This article will show how that works.

AMZN is at $220.18 in midday trading on Tuesday, July 8. That's still below its Feb. 5 high of $242.06. Nevertheless, it's worth over 30% more at $287 per share based on its strong free cash flow. More on that below.

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