Amazon (AMZN) Offering Possible 40.85% Return Over the Next 14 Calendar Days

Amazon's most recent trend suggests a bullish bias. One trading opportunity on Amazon is a Bull Put Spread using a strike $990.00 short put and a strike $985.00 long put offers a potential 40.85% return on risk over the next 14 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $990.00 by expiration. The full premium credit of $1.45 would be kept by the premium seller. The risk of $3.55 would be incurred if the stock dropped below the $985.00 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 72.42 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

Amazon to Create 1,000 Full-Time Jobs at New Fulfillment Center in Georgia
Thu, 01 Jun 2017 04:01:00 +0000
Amazon.com  today announced plans for a new fulfillment center in Jefferson, Georgia. When opened, Amazon will create 1,000 new full-time jobs at the facility. The company currently has more than 1,500 full-time employees at its existing facilities in the state.

One of the Most Influential Tech Analysts Ever Sees Nearly 7,000 Retail Stores Closing in 2017
Thu, 01 Jun 2017 03:59:00 +0000
Scary stuff.

Why Amazon Could Be Seen as a Threat to Aussie Retailers
Thu, 01 Jun 2017 02:29:01 +0000
Roger Montgomery, chairman and chief investment officer at Montgomery Investment, discusses Australia's retail environment and the addition of Amazon in the market. He speaks on “Bloomberg Markets: …

Wesfarmers Slides 3% As Morgan Stanley Downgrades On Amazon Fears
Thu, 01 Jun 2017 02:03:00 +0000
Australian conglomerate Wesfarmers (WES.AU) is down more than 3% this morning after Morgan Stanley downgraded the stock to underweight from equalweight and warned it would be hurt by the arrival of Amazon (AMZN). Morgan Stanley said Wesfarmers – which owns some of Australia's biggest retailers including Coles supermarkets, Bunnings, Target, Kmart and Officeworks – would suffer a $400 million hit to its earnings before interest and tax by 2026 due to the arrival of Amazon, prompting the broker to lower its valuations for businesses like Kmart, Target and Bunnings.

Hillary Clinton: ‘I take responsibility for every decision I made, but that's not why I lost'
Thu, 01 Jun 2017 01:50:54 +0000
Hillary Clinton spoke from the annual Code Conference in Ranchos Palos Verdes, California.

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