Weekly Bear Put Spread on Amazon (AMZN) — Alpaca Paper Account P&L, Risk Metrics & Trade Analytics
This strategy runs a Weekly Bear Put Spread on AMZN (Amazon) via the Alpaca paper-trading API. A Bear Put Spread is a net-debit, defined-risk options strategy with a bearish directional bias. Premium is paid up-front; the trade is profitable if AMZN falls below the long-put strike by expiry.
The spread is opened every Monday morning (9:40 ET) and closed every Thursday afternoon (15:45 ET), targeting the following Friday's weekly expiry. Because the Np2 account runs multiple strategies, all metrics here are scoped strictly to AMZN option legs only.
This strategy requires Level 3 (Spreads) options approval on each Alpaca account. Level 3 allows multi-leg defined-risk spreads (iron butterflies, iron condors, verticals, etc.). Accounts must also be margin-enabled.
Apply via: Alpaca Dashboard → Account → Trading → Options Trading → Level 3.