Amazon (AMZN) Offering Possible 51.52% Return Over the Next 7 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 $990.00 short put and a strike $985.00 long put offers a potential 51.52% return on risk over the next 7 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $990.00 by expiration. The full premium credit of $1.70 would be kept by the premium seller. The risk of $3.30 would be incurred if the stock dropped below the $985.00 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 65.4 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

Amazon, Take Note: How China’s E-Commerce Kings Will Create Totally New Ways To Shop
Thu, 12 Oct 2017 07:24:00 +0000
What does the future of retail look like? China may offer a good clue.

Amazon’s Jassy on Benefits From Alexa and AWS
Thu, 12 Oct 2017 05:38:44 +0000
Oct.12 — Andy Jassy, chief executive officer at Amazon Web Services, discusses the benefits that Alexa gets from AWS and that AWS gets from Alexa. He speaks to Bloomberg’s Emily Chang from the Geekwire Summit in Seattle.

[$$] Kroger Weighs Sale of Convenience Stores
Thu, 12 Oct 2017 04:18:13 +0000
Kroger said it may sell its convenience stores and cut other costs, as the nation’s largest traditional grocer battles Amazon.com and other new competitors.

[$$] Alibaba Sizes Up Facebook, Amazon With R&D Splurge
Thu, 12 Oct 2017 04:17:17 +0000
Chinese e-commerce company Alibaba says it will nearly triple spending on research and development, to more than $15 billion over the next three years, as it seeks to keep pace with Western rivals such …

[$$] Amazon Welcomes Teens With New Parent-Controlled Shopping Allowance
Thu, 12 Oct 2017 04:17:14 +0000
Amazon’s new program, launched Wednesday, lets parents manage—and fund—online-shopping accounts for their teens.

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