Amazon (AMZN) Offering Possible 50.94% Return Over the Next 29 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 $1120.00 short put and a strike $1100.00 long put offers a potential 50.94% return on risk over the next 29 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $1120.00 by expiration. The full premium credit of $6.75 would be kept by the premium seller. The risk of $13.25 would be incurred if the stock dropped below the $1100.00 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 above 80 which suggests that the stock is in overbought territory.

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

[$$] Amazon Sells Hardware to Cloud Partner in China
Wed, 15 Nov 2017 05:22:54 +0000
Amazon.com is selling computing equipment used for its cloud services in China to its local partner, Beijing Sinnet Technology, to meet government regulations.

We Have Stoplights! Implausible Towns Bid for Amazon Headquarters
Wed, 15 Nov 2017 05:20:55 +0000
The Seattle retail giant’s search for a second home draws quirky proposals from Alaska, Maine, Idaho and Texas cattle country. “We know we’re not Boston.”

[$$] Fears of Amazon drug push rattle US healthcare industry
Wed, 15 Nov 2017 04:00:36 +0000
The US healthcare industry has become gripped in recent months by the possibility that Amazon will start selling prescription drugs, creating a powerful new competitor in a sector worth $450bn a year. …

Amazon Is Far From the Only U.S. Tech Giant to Face an Uphill Battle in China
Wed, 15 Nov 2017 02:35:00 +0000
As Amazon sells Chinese cloud hardware assets to comply with new local rules, it’s worth looking at just how challenging China has been for U.S. tech giants flying high elsewhere.

Here’s How Amazon Can Make You Love Sears Again
Wed, 15 Nov 2017 01:37:00 +0000
Will Amazon put Sears out of its misery?

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