Amazon Offering Possible 31.23% Return Over the Next 17 Calendar Days

Amazon’s most recent trend suggests a bullish bias. One trading opportunity on Amazon is a Bull Put Spread using a strike $355.00 short put and a strike $345.00 long put offers a potential 31.23% return on risk over the next 17 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $355.00 by expiration. The full premium credit of $2.38 would be kept by the premium seller. The risk of $7.62 would be incurred if the stock dropped below the $345.00 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 79.39 level which suggests that the stock is neither overbought nor oversold at this time.

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LATEST NEWS for Amazon

Amazon’s Latest Innovation Is a Reader’s Dream Come True
Wed, 30 Oct 2013 22:32:01 GMT
Motley Fool – If mobile is the new frontier for tech companies, Amazon is at the top of the food chain.

CSC Acquires Cloud Service Manager ServiceMesh
Wed, 30 Oct 2013 22:30:08 GMT
AllThingsD – Information technology company CSC said today it would acquire ServiceMesh, a cloud services management startup that raised about $15 million from Ignition Partners in 2011. ServiceMesh specializes in …

Twitter IPO called reminiscent of dot-com bubble era
Wed, 30 Oct 2013 22:00:00 GMT
Investor’s Business Daily – Twitter IPO called reminiscent of dot-com bubble era

[$$] Target Backs Off $100 Billion Sales Goal
Wed, 30 Oct 2013 21:55:11 GMT
The Wall Street Journal – Target Corp. backs off its goal for hitting $100 billion in sales by the end of 2017, as pressure on low-income shoppers and tough competition from rivals like Amazon.com Inc. weigh on results.

Amazon’s top reviewers get free products in exchange for write-ups
Wed, 30 Oct 2013 21:54:42 GMT
The Verge – Amazon’s customer reviews aren’t all put together by thoughtful buyers: as it turns out, Amazon has a program that sends free products to some of its top-ranked reviewers in exchange for a write-up. The program is called Amazon Vine, and though it’s been running since 2007, a new NPR report is bringing it some renewed attention. “I’ve had everything from very cheap earbuds, to $500 multifunction laser printers,” Michael Erb, Amazon’s current top ranked reviewer, tells NPR. A list of items determined by Amazon is offered to reviewers twice a month, and reviewers can choose two items to receive from each list, reports NPR.

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