Amazon (AMZN) Offering Possible 37.93% Return Over the Next 13 Calendar Days

Amazon's most recent trend suggests a bullish bias. One trading opportunity on Amazon is a Bull Put Spread using a strike $3250.00 short put and a strike $3240.00 long put offers a potential 37.93% return on risk over the next 13 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $3250.00 by expiration. The full premium credit of $2.75 would be kept by the premium seller. The risk of $7.25 would be incurred if the stock dropped below the $3240.00 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 68 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 State of Holiday Retail: A Little Good, a Little Bad
Fri, 01 Jan 2021 00:12:00 +0000
Sales were up, online boomed, and furniture was very hot. But department stores suffered once again, and clothing swooned. The big takeaways for 2021: The pandemic gave online a big boost, and consumer will buy clothes again.

Is Jumia the Amazon of Africa or the Overstock?
Thu, 31 Dec 2020 23:41:00 +0000
Almost every growth stock wants to be known as the Amazon (NASDAQ: AMZN) of its sector. After all, Amazon has been one of the best-performing stocks of the last generation, and that growth came largely when the company wasn't even profitable. Drawing comparisons to Amazon is a way for management to say that its company has big growth potential but isn't yet profitable, because it's investing in that growth opportunity.

The Stock Market Was Amazing in 2020 — Let Us Count the Ways
Thu, 31 Dec 2020 22:08:00 +0000
For stock investors, it was an amazing year, with the Dow Jones Industrial Average (DJINDICES: ^DJI) and S&P 500 (SNPINDEX: ^GSPC) closing at all-time record levels. The Nasdaq Composite (NASDAQINDEX: ^IXIC) fell just short of its own record, but it capped its best year in more than a decade. Below is a list of ways in which the stock market was truly amazing.

‘Section 230’ Keeps Coming Up in Congress. Here’s Why.
Thu, 31 Dec 2020 22:03:00 +0000
Section 230 is a liability shield for internet companies. There’s bipartisan support to change the law, and President-elect Joe Biden is open to it.

3 Dirt Cheap Stocks That Could Skyrocket
Thu, 31 Dec 2020 21:39:00 +0000
Profits tumbled even as stocks shot to record highs, thanks to a surge of interest from retail investors, euphoria around tech stocks, loose monetary policy from the Federal Reserve, and hopes for a strong economic recovery once the pandemic ends. Let's take a look at why AutoZone (NYSE: AZO), General Motors (NYSE: GM), and Alibaba Group Holdings (NYSE: BABA) are all cheap stocks that could soar.

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