Amazon (AMZN) Offering Possible 51.52% Return Over the Next 14 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 $962.50 short put and a strike $955.00 long put offers a potential 51.52% return on risk over the next 14 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $962.50 by expiration. The full premium credit of $2.55 would be kept by the premium seller. The risk of $4.95 would be incurred if the stock dropped below the $955.00 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 36.01 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

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Thu, 05 Oct 2017 08:00:24 +0000
The car is seen as a major battleground for players like Amazon, Google and Apple.

Amazon Is Opening a Pop-Up Liquor Bar in Tokyo
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[$$] Google Doubles Down on Hardware With New Phones and Speakers
Thu, 05 Oct 2017 04:33:38 +0000
Google unveiled the second generation of its line of hardware devices it introduced last year, including its Pixel smartphone and Google Home speaker, touting technology upgrades and sleeker designs.

[$$] Sonos, a Wireless-Speaker Pioneer, Plays Catch Up
Thu, 05 Oct 2017 04:33:35 +0000
When Amazon’s Echo smart speaker took off in 2015, Sonos’s sales off a cliff. Now Sonos has a new game plan: partnering with rivals. On Wednesday, it is launching its first smart speaker, powered by Alexa….

[$$] Amazon Must Pay $300 Million in Back Taxes, EU Says
Thu, 05 Oct 2017 04:33:16 +0000
The European Union raised the stakes in its push to collect taxes from U.S. tech giants, pressing its cases against Amazon and Apple.

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