Amazon (AMZN) Offering Possible 39.86% Return Over the Next 35 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 $1695.00 short put and a strike $1685.00 long put offers a potential 39.86% return on risk over the next 35 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $1695.00 by expiration. The full premium credit of $2.85 would be kept by the premium seller. The risk of $7.15 would be incurred if the stock dropped below the $1685.00 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

Who’s that selling steaks off a truck? It’s Amazon
Thu, 14 Jun 2018 05:50:47 +0000
NEW YORK (AP) — Donna Brunswick drove to a Costco last month to pick up 2 pounds of raw flank steak — not at the wholesale club, but from a truck in the parking lot.

Exclusive: Microsoft takes aim at Amazon with push for checkout-free retail
Thu, 14 Jun 2018 05:16:23 +0000
Microsoft Corp is working on technology that would eliminate cashiers and checkout lines from stores, in a nascent challenge to Amazon.com Inc’s automated grocery shop, six people familiar with the matter told Reuters. Microsoft has shown sample technology to retailers from around the world and has had talks with Walmart Inc about a potential collaboration, three of the people said. Microsoft’s technology aims to help retailers keep pace with Amazon Go, a highly automated store that opened to the public in Seattle in January.

Whole Foods CEO says he’s ‘not afraid to get fired’ over clashes with Amazon
Thu, 14 Jun 2018 01:03:20 +0000
John Mackey says transition has been bumpy, but ultimately good for grocery chainBloomberg NewsJohn Mackey, co-founder and chief executive of Whole Foods. The relationship between Amazon.com Inc. and Whole Foods has been rocky since the tech giant acquired the grocery chain a year ago, Whole Foods Chief Executive John Mackey told employees this week, but he said he’s held his ground and is happy with how it turned out.

How to Handle the Fed: Cramer’s ‘Mad Money’ Recap (Wednesday 6/13/18)
Thu, 14 Jun 2018 00:45:00 +0000
Making money in the stock market just got a little harder, Jim Cramer admitted to his Mad Money viewers Wednesday, after the Federal Reserve indicated it favors more interest rate hikes than we expected. Rates are still low by historical standards, however, which led Cramer to predict only a short pause in the market’s rally. Make no mistake about it, Cramer said, higher interest rates are not a positive thing for stocks.

[$$] How Whole Foods Gives Amazon a Boost
Thu, 14 Jun 2018 00:02:44 +0000
For a highly complex company, Amazon.com has a very simple view of the world: There is the money consumers spend on Amazon, and the money they spend not on Amazon. Food and beverages, which account for one-fifth of the money Americans spend on goods, may be the biggest category of spending that is largely not done on Amazon. The Whole Foods deal announced a year ago was meant to change that.

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