Amazon (AMZN) Offering Possible 36.99% Return Over the Next 37 Calendar Days

Amazon's most recent trend suggests a bullish bias. One trading opportunity on Amazon is a Bull Put Spread using a strike $970.00 short put and a strike $960.00 long put offers a potential 36.99% return on risk over the next 37 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $970.00 by expiration. The full premium credit of $2.70 would be kept by the premium seller. The risk of $7.30 would be incurred if the stock dropped below the $960.00 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 58.21 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

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Tue, 12 Sep 2017 10:02:00 +0000
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Hedge fund manager David Einhorn is just one of many shorting Tesla Inc (NASDAQ:TSLA) stock. Einhorn’s Greenlight Capital has performed miserably through the first six months of 2017, down 2.8% versus 9.3% for the S&P 500 Index. A quick look at Einhorn’s long-term performance shows that Greenlight achieved a 16.1% annualized total return net of fees from its inception in May 1996 through the end of 2016.

Apple set to unveil anniversary iPhone in major product launch
Tue, 12 Sep 2017 07:01:00 +0000
A decade after then-CEO Steve Jobs unveiled the first iPhone, Apple Inc on Tuesday is set to introduce a completely redesigned top-of-the-line iPhone along with two other new phones, as well as a big upgrade to the Apple Watch and a higher-definition Apple TV. The splashy launch event will take place at the Steve Jobs Theater at Apple's new Apple Park “spaceship” campus – widely considered to be the final product designed by Jobs, who died in 2011.

[$$] Amazon’s Big HQ2: A Sign of Hubris and Danger
Tue, 12 Sep 2017 04:40:19 +0000
Investors are betting that Jeff Bezos will keep his magic touch, and that money plowed into expansion today represents big profits to be made some time in the future. History and human nature are against …

Amazon, Google and Other U.S. Tech Giants Face Yet Another Attack from Europe
Tue, 12 Sep 2017 04:35:00 +0000
As Google and Apple appeal heavy fines imposed by Brussels regulators, European governments are now proposing to tax tech giants based on their revenue rather than their profits.

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