Amazon (AMZN) Offering Possible 36.99% Return Over the Next 18 Calendar Days

Amazon's most recent trend suggests a bullish bias. One trading opportunity on Amazon is a Bull Put Spread using a strike $920.00 short put and a strike $915.00 long put offers a potential 36.99% return on risk over the next 18 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $920.00 by expiration. The full premium credit of $1.35 would be kept by the premium seller. The risk of $3.65 would be incurred if the stock dropped below the $915.00 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 66.53 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

Op-Ed: Tech stocks are hitting record highs and there's probably more to come
Mon, 01 May 2017 06:18:14 +0000
The Nasdaq hit record highs last week and rally doesn't look like its ending anytime soon.

U.S. Tech's Giant Money Machine Is On Full Display This Week
Mon, 01 May 2017 04:01:00 +0000
Amazon.com Inc. and Alphabet Inc. posted results last week that extended their dominance of how we shop and search online. Apple Inc. and Facebook Inc. will in the coming days add evidence that tech behemoths …

This Is Why Amazon Is an Unstoppable Beast
Mon, 01 May 2017 03:19:00 +0000
One word continues to summarize Amazon: beast.

Another strong quarter for Amazon has Jeff Bezos closing in on Bill Gates
Mon, 01 May 2017 03:17:08 +0000
Jeff Bezos briefly saw his net worth rocket over $80 billion for the first time this week, after Amazon shares rallied on the company’s rosy quarterly results. Since then, his holdings have backed off …

How The Biggest U.S. Companies Have Changed Over A Decade
Mon, 01 May 2017 02:14:00 +0000
The five biggest U.S. companies based on market cap are all technology stocks. But going back ten years reveals a completely different story. Today, the five biggest companies are as follows: Apple Inc. …

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