$170 profit in AMGN
- themoneyloaf
- Oct 9
- 2 min read
Happy October!
I just shared a profitable trade in AMGN with $180 in realized profit last week, and I'm back with a double dip with an almost identical trade this week.
This week:
$170 profit in AMGN
$170 profit in AMGN
An opportunity presented itself in AMGN, this time I decided to sell the $265 cash-secured put expiring Oct 17 for $270 in premium up front.
At the time of placing the trade, the previous AMGN trade was still in the portfolio, but I was fairly confident with being able to manage both positions if necessary.
That’s also the reason why I used 2 different strategies in the same stock, with this trade being a cash-secured put and the previous trade being a put ratio spread. Both trades are managed differently and also serves as a form of diversification by strategy in my portfolio.
Thankfully that wasn’t necessary and this trade came off in about 2.5 weeks. I paid $100 to close the trade, which means I kept $170 of the initial premium as realized profit (about 63% of max profit).
This is winning trade #7 of 7 in AMGN so far in 2025, bringing in a total realized profit of $1,480.
Every profitable trade helps to grow my portfolio which I can either use to generate more cashflow or use to invest in long-term stock holdings down the road.
As always all the trades within this portfolio are updated in close to real-time to my private community (not recommendations). While I do share my own profit targets, they can of course be adjusted to meet your own risk profile as well.
You can find out more about my private community at the link below.
The shutdown is having little effect on the market with it moving up again for the week. At this point it makes one wonder what needs to happen for any volatility to be seen in the market again!
Have a good weekend!
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This article is for educational purposes only. This is my own portfolio which is being managed according to my goals and risk tolerance. Your situation is likely different and you should do your own due diligence before investing in stocks or options.
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