Amazon (AMZN) Offering Possible 23.46% Return Over the Next 8 Calendar Days

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 23.46% return on risk over the next 8 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 $0.95 would be kept by the premium seller. The risk of $4.05 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 50.52 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

[$$] Sprouts Ripe for Picking After Amazon/Whole Foods
Wed, 12 Jul 2017 09:36:00 +0000
Whole Foods Market (WFM:Nasdaq) By Wells Fargo Securities ($41.85, July 11, 2017) We are lowering our rating on Whole Foods Market to Market Perform from Outperform, owing primarily to Amazon.com’s pending acquisition (at $42 a share) and very low probability for a competing bid. Last week’s preliminary proxy filing provided incremental details around Whole Foods’ (WFM) sale process (which described interest from two strategic buyers and four private-equity firms at sub-$42 levels), and combined with our takeaways following recent meetings with Kroger (KR) management, we don’t believe a competing bid is likely.

[$$] Don’t Be a Sucker: It’s Time to Buy Smucker
Wed, 12 Jul 2017 09:35:00 +0000
J.M. Smucker is in a sticky situation. Famed for its namesake line of jellies, Smucker (SJM) is facing challenging problems in the grocery aisle. Changing consumer tastes have some shoppers looking for fresher fare at the likes of Trader Joe’s and Whole Foods Market (WFM), while others are scouring discount stores in search of rock-bottom prices.

6 Most Important Things In Business Today
Wed, 12 Jul 2017 09:06:30 +0000
Reuters reports Saudi Arabia will chop its oil exports in August to the lowest level of the year. Oil prices have sold off sharply in the last month, and the move might stabilize the market Twitter (NASDAQ: …

3 Tech Books to Read This Summer
Wed, 12 Jul 2017 05:00:00 +0000
Get reading, and get the inside scoop on some of the world’s biggest and fastest-growing tech companies.

[$$] Amazon’s License to Spend
Wed, 12 Jul 2017 04:41:54 +0000
Amazon.com’s popular Prime Day is best understood as a big investment by the company to showcase its retail prowess. And when it comes to big spending by Amazon, Wall Street is primed for even more.

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