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.

Related Posts

 

MarketTamer is not an investment advisor and is not registered with the U.S. Securities and Exchange Commission or the Financial Industry Regulatory Authority. Further, owners, employees, agents or representatives of MarketTamer are not acting as investment advisors and might not be registered with the U.S. Securities and Exchange Commission or the Financial Industry Regulatory.


This company makes no representations or warranties concerning the products, practices or procedures of any company or entity mentioned or recommended in this email, and makes no representations or warranties concerning said company or entity’s compliance with applicable laws and regulations, including, but not limited to, regulations promulgated by the SEC or the CFTC. The sender of this email may receive a portion of the proceeds from the sale of any products or services offered by a company or entity mentioned or recommended in this email. The recipient of this email assumes responsibility for conducting its own due diligence on the aforementioned company or entity and assumes full responsibility, and releases the sender from liability, for any purchase or order made from any company or entity mentioned or recommended in this email.


The content on any of MarketTamer websites, products or communication is for educational purposes only. Nothing in its products, services, or communications shall be construed as a solicitation and/or recommendation to buy or sell a security. Trading stocks, options and other securities involves risk. The risk of loss in trading securities can be substantial. The risk involved with trading stocks, options and other securities is not suitable for all investors. Prior to buying or selling an option, an investor must evaluate his/her own personal financial situation and consider all relevant risk factors. See: Characteristics and Risks of Standardized Options. The www.MarketTamer.com educational training program and software services are provided to improve financial understanding.


The information presented in this site is not intended to be used as the sole basis of any investment decisions, nor should it be construed as advice designed to meet the investment needs of any particular investor. Nothing in our research constitutes legal, accounting or tax advice or individually tailored investment advice. Our research is prepared for general circulation and has been prepared without regard to the individual financial circumstances and objectives of persons who receive or obtain access to it. Our research is based on sources that we believe to be reliable. However, we do not make any representation or warranty, expressed or implied, as to the accuracy of our research, the completeness, or correctness or make any guarantee or other promise as to any results that may be obtained from using our research. To the maximum extent permitted by law, neither we, any of our affiliates, nor any other person, shall have any liability whatsoever to any person for any loss or expense, whether direct, indirect, consequential, incidental or otherwise, arising from or relating in any way to any use of or reliance on our research or the information contained therein. Some discussions contain forward looking statements which are based on current expectations and differences can be expected. All of our research, including the estimates, opinions and information contained therein, reflects our judgment as of the publication or other dissemination date of the research and is subject to change without notice. Further, we expressly disclaim any responsibility to update such research. Investing involves substantial risk. Past performance is not a guarantee of future results, and a loss of original capital may occur. No one receiving or accessing our research should make any investment decision without first consulting his or her own personal financial advisor and conducting his or her own research and due diligence, including carefully reviewing any applicable prospectuses, press releases, reports and other public filings of the issuer of any securities being considered. None of the information presented should be construed as an offer to sell or buy any particular security. As always, use your best judgment when investing.