Amazon (AMZN) Offering Possible 26.58% Return Over the Next 16 Calendar Days

Amazon's most recent trend suggests a bullish bias. One trading opportunity on Amazon is a Bull Put Spread using a strike $1840.00 short put and a strike $1830.00 long put offers a potential 26.58% return on risk over the next 16 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $1840.00 by expiration. The full premium credit of $2.10 would be kept by the premium seller. The risk of $7.90 would be incurred if the stock dropped below the $1830.00 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 74.82 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

Asia’s Richest Man Unveils Online Store in Challenge to Amazon
Tue, 31 Dec 2019 09:31:37 +0000
(Bloomberg) — Reliance Industries Ltd. started testing its online shopping portal, moving a step closer to billionaire Mukesh Ambani’s goal of setting up a digital platform to take on e-commerce giant Inc. in India.JioMart, open to select customers who pre-register, promises more than 50,000 grocery products, free home delivery and a return policy that asks no questions. Labeled ‘the nation’s new store,’ it is currently available in only three neighborhoods surrounding Mumbai, according to the website.The pilot site provides an early glimpse of how the energy-and-petrochemicals conglomerate controlled by Asia’s richest man is stepping up consumer offerings in a pivot toward newer businesses. With the unveiling of the portal, Reliance Industries will join the battle with and Walmart Inc.’s Flipkart Online Services Pvt. for a slice of an e-commerce market that KPMG says is set to grow to $200 billion by 2027.Ambani, 62, is giving shape to his online retail ambitions by spending billions of dollars on a string of small acquisitions. The newer businesses, including telecommunications and retail, are likely to contribute 50% of Reliance Industries’ earnings in a few years, from about 32% now, Ambani said in August.The Tiny Deals Behind Mukesh Ambani’s Bid to Take on AmazonA spokesman for Mumbai-based Reliance Industries declined to provide further details on the retail project.Previous ProjectAmbani’s previous project, which needed almost $50 billion of capital expenditure, is already showing signs of success.Reliance Jio Infocomm Ltd., the group’s wireless carrier started in 2016, is India’s No. 1 operator today and has more than 350 million users. The company entered the world’s second-largest market by subscribers with free calls and cheap data, forcing some incumbents to exit or merge with rivals.Ambani is seeking to replicate that success in online retail as well. Terming it “new commerce,” the tycoon said in August that his goal is to “completely transform” India’s unorganized retail market — mostly mom-and-pop stores — which accounts for 90% of the nation’s industry.Amazon, Walmart Face the Ire of 70 Million India Shopkeepers“This tech-enabled partnership will link producers, traders, small merchants, consumer brands and consumers,” Ambani told shareholders in August. After beta trials with thousands of merchants across the country showed promise, “we are now getting ready to roll out the platform at a larger scale,” he said.Reliance Industries has unveiled a sweeping plan to create a $24 billion digital-services holding firm, and also vowed listings of the new businesses within five years.Betting the plan would unlock value, investors have piled on Reliance Industries shares, sending the stock soaring 36% this year against the 15% advance in the benchmark index. The gains helped Ambani add more than $15 billion to his wealth — the most in Asia — and taking his net worth to almost $60 billion, according to the Bloomberg Billionaires Index.To contact the reporter on this story: P R Sanjai in Mumbai at psanjai@bloomberg.netTo contact the editors responsible for this story: Sam Nagarajan at, Bhuma ShrivastavaFor more articles like this, please visit us at©2019 Bloomberg L.P.

US companies power a surge in megadeals in 2019
Tue, 31 Dec 2019 04:00:37 +0000
Dealmakers outside the US cast an envious eye towards their American counterparts in 2019. As cross-border mergers and acquisitions plummeted to their lowest level since 2013, US companies struck big transactions at home, accounting for 15 out of the year’s biggest 20 deals. Nearly half of the $3.9tn in global M&A recorded this year involved US targets — a 6 per cent rise from a year ago, according to data provider Refinitiv.

'Do Not Sell My Info' – U.S. retailers rush to comply with California privacy law
Tue, 31 Dec 2019 02:21:29 +0000
U.S. retailers including Walmart Inc will add “Do Not Sell My Info” links to their websites and signage in stores starting Jan. 1, allowing California shoppers to understand for the first time what personal and other data the retailers collect, sources said. Others like Home Depot will allow shoppers not just in California but around the country to access such information online. At its California stores, Home Depot will add signs, offer QR codes so shoppers can look up information using their mobile devices and train store employees to answer questions.

Edward Shatverov Shares Insights On How To Conquer Amazon's FBA
Mon, 30 Dec 2019 20:33:14 +0000
If you put in “shirt dress,” the search function will read dress shirt the same as shirt dress. Well, ecommerce only represented 14.3% of total retail sales in 2018, according to Internet Retailer’s analysis. Total US retail sales, not including the sale of items not normally bought online like fuel, automobiles and food at restaurants, hit $3.628 trillion last year.

UPS expects a record-breaking 1.9 million returns on National Returns Day
Mon, 30 Dec 2019 20:29:00 +0000
Amazon is offering one free return on even more items heading into National Returns Day, which UPS says will break records.

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