We are going to sell a put spread, buy a call spread and in an attempt to take advantage of volatility buy an unbalanced condor that will control our margin. Note the tail on the condor is 10 vs the conventional double of the long 3.
Risk & Reward
Our trade will use $7,600 in margin and our breakevens are 1860 on the downside and 1970 on the upside. We have downside protection all the way down to 1803 and in the event AMZN does not move, we have a total risk of $600.