Building a Position in Amazon (AMZN)
Stock Market Options Trading
Wingman Tracker - I Didn't Just Buy Another Hundred Shares
Wingman Tracker is one good system that will help you track all of that to know if you're actually making money or not. So for example, I've sold the 125 call and Amazon's trading at about 118, 119. My call is still out of the money, meaning it's going to make money as long as Amazon doesn't go above 125. Now in order to actually reduce your cost basis, you would probably want to reinvest that those profits back into buying the stock, which I'll probably do.
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