Amazon (AMZN) Offering Possible 5.82% Return Over the Next 8 Calendar Days

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Amazon’s most recent trend suggests a bullish bias. One trading opportunity on Amazon is a Bull Put Spread using a strike $1420.00 short put and a strike $1400.00 long put offers a potential 5.82% return on risk over the next 8 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $1420.00 by expiration. The full premium credit of $1.10 would be kept by the premium seller. The risk of $18.90 would be incurred if the stock dropped below the $1400.00 long put strike price.

The 5-day moving average is moving up which suggests that the short-term momentum for Amazon is bullish and the probability of a rise in share price is higher if the stock starts trending.

The 20-day moving average is moving up which suggests that the medium-term momentum for Amazon is bullish.

The RSI indicator is at 35.67 level which suggests that the stock is neither overbought nor oversold at this time.

To learn how to execute such a strategy while accounting for risk and reward in the context of smart portfolio management, and see how to trade live with a successful professional trader, view more here


LATEST NEWS for Amazon

Walmart Favored Over Amazon to Buy India’s Flipkart
Wed, 11 Apr 2018 08:13:00 +0000
Walmart Inc. looks likely to take the next round in the battle for India’s retail market over rival Amazon.com Inc.

[$$] Amazon is not a bubble
Wed, 11 Apr 2018 05:31:00 +0000
Donald Trump has declared war on Amazon. Infuriated by its perceived abuse of the US postal service the flaxen-haired, SEC-settling President of the United States has launched a string of attacks on Bezos’ …

U.S. companies found ways to avoid taxes before tax bill: report
Wed, 11 Apr 2018 01:52:35 +0000
Fifteen U.S. corporations including online retailer Amazon.com Inc (AMZN.O), power company Duke Energy Corp (DUK.N) and insurer Prudential Financial Inc (PRU.N) avoided U.S. tax on nearly $25 billion in combined profits last year, a tax watchdog group said on Tuesday. A report by the Institute on Taxation and Economic Policy, or ITEP, said data showed how profitable Fortune 500 companies have routinely lowered their tax bills long before the Republican tax overhaul signed into law by President Donald Trump in December. The 15 corporations had profits of $24.5 billion in 2017 but managed to obtain nearly $1.4 billion in rebates from the U.S. Treasury for a combined tax rate of minus 5.6 percent, according to the ITEP report, which examined corporate income tax disclosures.

Can Costco Regain Its Mojo?
Wed, 11 Apr 2018 01:30:00 +0000
The chain has been steady, but its stock does not always reflect its success.

Cramer Remix: Amazon’s punishment isn’t warranted – the s…
Tue, 10 Apr 2018 23:49:00 +0000
Jim Cramer explains why damaged tech titan Amazon is worth buying into weakness.

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