Steven,
I see that you scaled this calendar. I didn’t ever see a need to as I started with the 700 calendar spread. I only bought 3 contracts since I anticipated needing to scale at some point as the underlying price moved up or down — but it never moved outside my initial breakevens. My current high-side breakeven is 729 with an underlying price of 713 or so. So I’m up over $800 now (which feels great), but I’m wondering about “milking” this a bit further. If AMZN moves up another $15 (or maybe less), then I would consider buying 3 contracts of the 730 calendar.
What is your thought? I like the 18% profit in a couple of weeks, but it seems like there is a lot left.
-Jon