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Barchart

Mark R. Hake, CFA

Shorting Out-of-the-Money Amazon Puts Makes Sense Here As an Income Play

Amazon Amazon.com Inc. Barchart

Shorting out-of-the-money (OTM) Amazon.com Inc (AMZN) put options makes sense here as an income play in near-term expiry periods. That especially benefits AMZN stock shareholders as there is no dividend.

AMZN closed at $149.97 on Friday, Dec. 15, 2023, and is at a near-term peak. Moreover, I argued in my last Barchart article that the stock is worth considerably more. I argue it's worth at least $181 per share.

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