Sell Short Out-of-the-Money Amazon Puts for Attractive One-Month Yields

Amazon stock has been flat for over a month, making it an attractive option to sell short out-of-the-money puts. Selling short the $200 put option at a $3.83 midpoint premium offers a 1.915% one-month yield, while selling the $195 put option at a $2.82 premium offers a 1.446% yield. Both options have low delta ratios, indicating a low probability of AMZN falling to the average of these two strike prices before April 24.