AMZN hardly recovered from that point. In fact it got stuck in a sideways channel for next 45 days. However, I was still able to close the position on 9/19 for a full profit of $1000. The stock was trading at $1828 on that day. In this trade cycle, I had few other trades on, which I will post later. Note that when I start out with a $2500 account, I am risking approx $300-$500 on each trade. But as the account grows bigger (On 8/6 I was at $9k approx), the position sizing and risk gets bigger too. What is amazing about options is that with a $20 move in the stock you can double your money. If you were to buy shares, AMZN would have to double from $1780 to $3560 in order for you to double your money. What are the odds of that happening in 45 days? Earnings were over and AMZN was under pressure for some time. Finally on 8/6 the stock begins to show first signs of recovery from being oversold. Look at the chart for some signs of recovery (I explain how to read all these in my book). At this point, I put on a $1780 - $1800 call spread with 45 days to expiration. It cost me $1000 approx to put on this ttrade. The goal is that If AMZN recovers and just stays at or above $1800, I will double my money.