Amazon (AMZN) Offering Possible 38.89% Return Over the Next 29 Calendar Days

Amazon's most recent trend suggests a bullish bias. One trading opportunity on Amazon is a Bull Put Spread using a strike $1730.00 short put and a strike $1725.00 long put offers a potential 38.89% return on risk over the next 29 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $1730.00 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 $1725.00 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 above 80 which suggests that the stock is in overbought territory.

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

Amazon's Alexa at Marriott hotels
Wed, 20 Jun 2018 09:02:15 +0000
Amazon has partnered with Marriott International to help increase guest access to amenities with Alexa through its voice-controlled device Echo in an attempt to expand its presence in the hospitality industry. Fred Katayama reports.

Forget Amazon and Apple, smaller companies are the real disruptors, says top media exec
Wed, 20 Jun 2018 06:49:00 +0000
It's been a year since Amazon bought Whole Foods in a $13.7 billion deal that sent tremors through the grocery industry. “I think the real disruptors in many, many ways are … the Dollar Shave Clubs of the world, the Kind Bars, the Red Bulls,” Harris Millard told CNBC at the Cannes Lions International Festival of Creativity in France this week.

[$$] CVS Adds Home Delivery With Help From Post Office
Wed, 20 Jun 2018 00:42:15 +0000
CVS Health Corp. has enlisted the U.S. Postal Service for a new home delivery service, as the drugstore giant strives to stave off Amazon.com Inc. and other rivals. CVS struck a deal with the Postal Service to pick up prescriptions at CVS stores and bring them to customers’ homes in one or two days. CVS is rolling out the nationwide service as it fights falling sales in its roughly 9,800 pharmacies and braces for potential competition from Amazon, which has considered launching a prescription offering and has made a bigger push into medical supplies.

Oracle's forecast miss overshadows cloud growth, shares fall
Tue, 19 Jun 2018 22:38:56 +0000
Oracle sees first-quarter adjusted earnings per share to be between 68 cents and 70 cents, below analysts' average estimate of 72 cents. “Oracle's move to change its reporting structure, which masks the performance of its cloud infrastructure and applications segments, overshadowed the Q4 beat,” Daniel Morgan Senior Portfolio Manager Synovus Trust Company said. Morgan said all metrics in the fourth quarter were strong, but due to the disclosure change “investors are wondering if Oracle is trying to hide something in its total cloud revenue”.

Google Buys a Way Into China
Tue, 19 Jun 2018 22:00:00 +0000
JD.com has some pep in its step today after a big cash investment from Google just made its future a little brighter.

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