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I'd be leery of this trade purely from a risk vs reward perspective - with this trade your best case is $148 gain per spread and you worst case is a $1602 loss per spread. In all likelihood AMZN will stay below your short strike and you'll make your $148 per spread, and when making these type of trades you'll usually have over 90% winners, but the losers can be huge and wipe out all the other winners. I got burned by one of these many years ago when I first started playing options and won't do it again. Your thesis of AMZN staying below 302.50 over the next week is fine, but there are other ways to play this thesis that are better from a risk/reward perspective. You can do an ATM or below butterfly using next week's options, you can do a calendar using ATM or lower strike if you think its going to drop. Both of these strategies can make the same $148 (or more) per spread within the next week if your thesis holds, but your max loss is much less than the $1602 per spread if the stock does not behave as you expect.