Amazon (AMZN) Offering Possible 56.25% Return Over the Next 6 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 $997.50 short put and a strike $992.50 long put offers a potential 56.25% return on risk over the next 6 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $997.50 by expiration. The full premium credit of $1.80 would be kept by the premium seller. The risk of $3.20 would be incurred if the stock dropped below the $992.50 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 74.14 level which suggests that the stock is neither overbought nor oversold at this time.

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LATEST NEWS for Amazon

[$$] Amazon Bookstores Offer Peek Into Whole Foods’ Future
Fri, 13 Oct 2017 09:39:05 +0000
At Amazon’s physical bookstores, customers use their phones to scan products for prices, which fluctuate depending on Prime membership and competing deals.

Amazon to open new distribution centre in north west England
Fri, 13 Oct 2017 08:57:38 +0000
LONDON (Reuters) – Amazon said on Friday it planned to open a new fulfillment centre in Bolton, north west England, in 2018 and will begin recruiting 1,200 permanent jobs in the latest expansion in Britain. …

Amazon Suspends Entertainment Executive Over Harassment Allegations
Fri, 13 Oct 2017 07:39:00 +0000
Amazon puts studio head Roy Price on immediate leave as Harvey Weinstein scandal casts dark shadow over Hollywood.

WBA, CVS Fall on News of Amazon Entering Prescription Drug Market
Fri, 13 Oct 2017 07:23:47 +0000
On October 11, CVS Health touched its 11-month low and traded at $73.90. The company has lost 6.3% year-to-date.

Google and Amazon are set to disrupt another industry, according to a former Obama advisor
Fri, 13 Oct 2017 05:33:23 +0000
Former Small Business Administrator Karen Mills’ comments come amid rumblings of financial regulation for fintech firms.

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