Amazon (AMZN) Offering Possible 27.39% Return Over the Next 22 Calendar Days

Amazon's most recent trend suggests a bullish bias. One trading opportunity on Amazon is a Bull Put Spread using a strike $3200.00 short put and a strike $3190.00 long put offers a potential 27.39% return on risk over the next 22 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $3200.00 by expiration. The full premium credit of $2.15 would be kept by the premium seller. The risk of $7.85 would be incurred if the stock dropped below the $3190.00 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 50.46 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

The DJIA and S&P 500 Slip as Tech Stocks Rise
Tue, 22 Dec 2020 22:49:56 +0000
The DJIA tumbled 200 points and the S&P 500 fell for the third day in a row as investors quickly got over the passage of the new stimulus bill and backed away from their recent buying spree of value and cyclical stocks.

An Interview With the Founder of Millennial Money
Tue, 22 Dec 2020 22:39:00 +0000
Grant Sabatier shares the story of his journey to financial independence, and how you can do it, too.

Walmart Faces a Justice Department Opioid Lawsuit
Tue, 22 Dec 2020 21:41:00 +0000
The U.S. Department of Justice (DOJ) launched a lawsuit against giant retailer Walmart (NYSE: WMT) today, as reported by multiple sources. The Drug Enforcement Agency (DEA) has also weighed in, claiming Walmart's pharmacies have been regularly filling prescriptions it describes as “illegitimate.” As reported by USA Today, the DOJ's Civil Division head, Jeffrey Bossert Clark, alleges Walmart engaged in unlawful conduct that “contributed to the epidemic of opioid abuse throughout the United States.”

Why the Market Is Gaga Over IAC’s Planned Vimeo Spinoff
Tue, 22 Dec 2020 21:29:00 +0000
The interesting question is how investors in a market hungry for growth stories might value the company. C3.ai is smaller, growing more slowly, and trading at something north of 100 times forward sales.

U.S. FDA warns Amazon's Whole Foods Market for misbranding food products
Tue, 22 Dec 2020 20:16:22 +0000
The U.S. Food and Drug Administration (FDA) said on Tuesday it has issued a warning letter to Amazon.com Inc's Whole Foods Market for not labeling some products for the presence of food allergens, which led to a series of product recalls. The supermarket chain, which was bought by Amazon in 2017 for $13.7 billion, has recalled more than 30 food products in the last year as the presence of major food allergens was not listed on product labels, the agency said.

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