Amazon (AMZN) stock bounced nicely off the 50-day moving average and is also sitting above a rising 200-day moving average. Amazon currently has a historically low PE Ratio of 43.30. By using a combination of option strategies, we could potentially buy the stock for a significant discount, or achieve a healthy profit if the stock trades sideways. Here’s the trade: Sell to open the AMZN December 20 put with a strike price of $170, which was trading around $4.25 yesterday. Then, add a bear call spread: Sell to open the AMZN December 20 call with a strike price of $205, which was trading around $…