Amazon (AMZN) Offering Possible 26.58% Return Over the Next 10 Calendar Days

Amazon's most recent trend suggests a bullish bias. One trading opportunity on Amazon is a Bull Put Spread using a strike $975.00 short put and a strike $970.00 long put offers a potential 26.58% return on risk over the next 10 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $975.00 by expiration. The full premium credit of $1.05 would be kept by the premium seller. The risk of $3.95 would be incurred if the stock dropped below the $970.00 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 47.55 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

Trump is going to shred the program protecting ‘Dreamers' from deportation
Mon, 04 Sep 2017 04:59:31 +0000
Multiple news outlets reported that the president has reached the decision, which is expected to be announced this week.

Costco Has Its Warrior Gear On and Is Ready to Fight Back Amazon
Sun, 03 Sep 2017 19:40:00 +0000
Costco Wholesale reported better-than-expected August sales, but Amazon's Whole Foods deal remains a threat.

Amazon is actually the weakest of the big U.S. retailers, Moody’s says
Sun, 03 Sep 2017 15:37:03 +0000
Amazon.com Inc. is far from dominating the retail sector, and is actually weaker than rivals including Wal-Mart, Costco and Best Buy, according to a new Moody’s report.

Buy Amazon because it isn’t pulling an Apple, analyst says
Sun, 03 Sep 2017 15:36:46 +0000
Bulls versus bears: the Amazon.com Inc. edition. As one analyst warned Wednesday of the company’s retail weakness in the U.S., another told investors that near term earnings do not matter for the e-tail …

Best Buy withstands Amazon Prime Day pressure with better-than-expected results
Sun, 03 Sep 2017 15:36:15 +0000
Best Buy results show that it was able to overcome the challenge posed by Amazon and its huge Prime Day event.

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