Amazon (AMZN) Offering Possible 41.84% 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 $2400.00 short put and a strike $2390.00 long put offers a potential 41.84% 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 $2400.00 by expiration. The full premium credit of $2.95 would be kept by the premium seller. The risk of $7.05 would be incurred if the stock dropped below the $2390.00 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 56.23 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

Tencent’s Absence Is a Drag for Lagging Asia Tech Stocks
Tue, 12 May 2020 04:32:25 +0000
(Bloomberg) — U.S. technology stocks are on their hottest winning streak of the year, yet those gains aren’t necessarily translating to the same boost for their peers in Asia.The tech benchmark Nasdaq 100 Index, heavily skewed toward the so-called FAANG stocks — Facebook Inc., Apple Inc., Amazon.com Inc., Netflix Inc., Google parent Alphabet Inc. — as well as top position Microsoft Corp., has now rallied for six straight days. It has rebounded 33% since a low in March as investors piled into technology and biotech shares seen as winners amid the social-distancing lockdowns of the coronavirus pandemic.Read: Nasdaq’s Resilience Pushes Benchmark Dominance to 20-Year HighThere’s no equivalent tech mainboard in Asia, with the MSCI Asia Pacific Information Technology Index the closest comparable. It’s up a comparatively weak 24% since mid-March, and the top stocks in the gauge, Taiwan Semiconductor Manufacturing Co. and Samsung Electronics Co., have lagged that gain. Tencent Holdings Ltd., the online gaming and social-media services giant that analysts expect will report Wednesday an 18% revenue increase amid the virus outbreak, isn’t part of that index.While the top of the Nasdaq 100 enjoys a more diverse mix — Google, Netflix and Facebook leveraging demand for online and social-media services from consumers stuck at home, alongside Amazon’s online delivery — the Asia Pacific index is largely dominated by chipmakers TSMC and Samsung. They account for more than a third of the gauge.The coronavirus pandemic has been a net negative for chipmaker stocks worldwide. Despite growth in data centers, they’ve been hit by concerns about lower end-market demand for new personal computers, smartphones and autos, Bloomberg Intelligence analysts Anand Srinivasan and Marina Girgis wrote in a May 1 note.Tencent not being part of the Asia Pacific tech index is also hurting it. After falling less than its peers during the initial market downturn, the stock is up 14% for the year, climbing to a two-year high on Monday.Global mobile game sales hit a record for the week ended May 3, according to Sensor Tower, with holidays in China and Japan also helping gains, BI’s Matthew Kanterman and Vey-Sern Ling wrote in a note Monday. “Growth should continue above the long-term market potential for the duration of the pandemic, likely through 2Q,” they said.Tencent was also included as a “select stock pick” as internet, health-care and property sectors are among those to benefit from China’s upcoming National People’s Congress, Citigroup Inc. analysts including Pierre Lau wrote in a May 11 note.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

Starbucks is Luckin’ Out
Tue, 12 May 2020 02:46:00 +0000
Starbucks (NASDAQ: SBUX), the largest coffee company in the world, fits seamlessly into this description. The result: a small black coffee at Starbucks costs a fraction of what it does at my favorite local shop. Up until the coronavirus pandemic, Starbucks delivered consistently strong earnings results.

Can You Get Rich Creating Apps?
Mon, 11 May 2020 23:09:02 +0000
The good news for both kinds of apps is that people use them a whole lot. The bad news is that the majority of mobile device users download no new apps each month.

Stock Market Wrap-Up: This Pot Stock's 1,000% Share-Price Rise Isn't Good News
Mon, 11 May 2020 21:43:00 +0000
The stock market put in a mixed showing on Monday, with most benchmarks bouncing back from early losses to end the day in the black. Market participants are still uncertain about what the next several months will look like for the global economy, especially as some state and local governments roll the dice and try to return to normal. The Dow Jones Industrial Average (DJINDICES: ^DJI) wasn't able to get out of the red by the end of the day, but the S&P 500 (SNPINDEX: ^GSPC) and Nasdaq Composite (NASDAQINDEX: ^IXIC) posted modest gains.

The Dow Slipped 109 Points Because Reopened Economies Aren’t Business as Usual
Mon, 11 May 2020 21:41:00 +0000
U.S. stocks regained ground lost earlier in the session and closed near breakeven. Coronavirus cases rose in a few countries and some White House staff tested positive for the disease. M&A activity hasn’t stopped.

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