Amazon (AMZN) Offering Possible 38.89% 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 $1927.50 short put and a strike $1922.50 long put offers a potential 38.89% 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 $1927.50 by expiration. The full premium credit of $1.40 would be kept by the premium seller. The risk of $3.60 would be incurred if the stock dropped below the $1922.50 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 63.99 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

Salesforce, HPE, Tilray and Amazon – 5 Things You Must Know
Wed, 29 Aug 2018 09:35:00 +0000
U.S. stocks rose modestly on Tuesday, Aug. 28, and both the S&P 500 and the Nasdaq closed at record highs for the third straight session. With the White House now focused on closing its recently announced deal with Mexico, which must be approved by Congress within 90 days of it being finalized, and bringing Canada into the fold in order to maintain an North American framework similar to NAFTA, investors now feel that a trade arrangement with China may not be reached until at least 2019. Added to that concern is the fact that China's economy is slowing, and the state-controlled commission mandated to direct its growth said Wednesday that a “bigger effort” will be needed in order to meet second-half and full-year targets.

Amazon beefs up its sports team with former ESPN executive
Wed, 29 Aug 2018 09:32:00 +0000
Former ESPN executive VP Marie Donoghue joins Amazon to drive its sports video content. Donoghue earned a credit for the Oscar-winning documentary O.J.: Made In America. Amazon is due to screen Premier League soccer matches in 2019.

Amazon and Alphabet Have a New Number One Fan on Wall Street
Wed, 29 Aug 2018 09:21:32 +0000
Morgan Stanley just became the biggest Inc. and Alphabet Inc. bull on Wall Street.

No profit? No problem. Investors keep snapping up loss-making companies
Wed, 29 Aug 2018 08:21:00 +0000
Publicly-listed companies like electric carmaker Tesla TSLA and music streaming firm Spotify SPOT make billions in losses. Investors are not put off by unprofitable companies. Last year, 76 percent of the companies that listed were unprofitable in the year before their initial public offerings , according to data compiled by Jay Ritter, a professor at the University of Florida's Warrington College of Business.

[$$] Further reading
Wed, 29 Aug 2018 06:13:49 +0000
Elsewhere on Wednesday: — The Jordan Peterson diet — Problems at Waymo — Amazon drones on Twitter — Meet the Numtots — Manipulating flights — Don't feel bad about hoarding books — Being public — …

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