Profit From Expected Range in Amazon Stock With Iron Condor Options Strategy

Amazon stock has stayed within expected range after 3 of last 6 earnings. Now expected to stay within 6.8% range between $120-137.

Can profit if AMZN stays in range by using an iron condor - combining bull put spread and bear call spread.

Example iron condor Sell $120 put, buy $115 put for $0.80 credit. Sell $137 call, buy $142 call for $0.80 credit. Total premium $160.

Profit zone $118.40-$138.60. Max risk $340. Potential return 47% if stays in range.

Amazon ranked #6 in industry, Composite Rating 85, EPS Rating 81, RS Rating 91. Options risky, do due diligence.