Amazon (AMZN) Offering Possible 42.86% Return Over the Next 9 Calendar Days

Amazon's most recent trend suggests a bullish bias. One trading opportunity on Amazon is a Bull Put Spread using a strike $1827.50 short put and a strike $1822.50 long put offers a potential 42.86% return on risk over the next 9 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $1827.50 by expiration. The full premium credit of $1.50 would be kept by the premium seller. The risk of $3.50 would be incurred if the stock dropped below the $1822.50 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 53.1 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

Why Diversified ETFs Are Becoming Increasingly Risky for Investors
Tue, 10 Sep 2019 08:51:44 +0000
The holdings of these ETFs may be highly concentrated in a few hot stocks, making them less diversified than most investors are led to believe.

Slack Joins the Lagging IPO Club
Tue, 10 Sep 2019 05:00:00 +0000
The growth numbers aren’t bad, but they make it clear that Slack’s fastest days are probably behind it.

Jack Ma Ends 20-Year Reign Over Alibaba Wealth Creation Empire
Tue, 10 Sep 2019 03:14:56 +0000
(Bloomberg) — Jack Ma is giving up the reins of Alibaba Group Holding Ltd. after presiding over one of the most spectacular creations of wealth the world has ever seen.The former English teacher steps down as executive chairman of China’s largest company on his 55th birthday after amassing a $41.8 billion fortune — a trove surpassed only by India’s Mukesh Ambani in Asia, according to the Bloomberg Billionaires Index. His record-breaking rise from a bootstrapped entrepreneur working out of his apartment in 1999 to jet-setting e-commerce mogul is one for the history books, mirroring China’s own evolution from technological backwater to world’s No. 2 economy.Over two decades, Ma and his co-founders built a business-to-business marketplace into a $460 billion titan that bested EBay Inc. and Amazon.com Inc., operates one of the world’s largest cloud computing businesses, and runs a logistics network that delivers millions of parcels every day. Now the country’s most recognizable businessman, he hands the helm on Tuesday to finance maven Daniel Zhang — a momentous transition for Asia’s largest corporation.Read more: New Alibaba Chief Explains Why He Wants to Kill His Own BusinessMa became Asia’s richest person in 2016, overtaking Dalian Wanda Group Chairman Wang Jianlin. The title now belongs to Reliance Industries Ltd. Chairman Ambani, who’s worth $47.4 billion, according to a Bloomberg ranking of the world’s 500 wealthiest individuals.The Alibaba co-founder has become the face of Chinese business even while a member of the ruling Communist Party. Ma, who recalled in a 2015 interview how KFC once rejected his job application, currently owns a 5.3% Alibaba stake worth $24.6 billion, or about 10-fold the $2.6 billion his 7.4% slice in 2012 was worth. Since taking over as executive chairman in 2013, Alibaba’s revenue has surged about 1,100% to 378.8 billion yuan ($56.2 billion) in the year ended March 2019. His fortune doesn’t count shares in the company held by his foundation, or the value of stock he’s sold over time.Ma isn’t the only person to derive fabulous wealth from the Alibaba empire. The company’s trajectory at one point spawned at least 10 other billionaires across its ecosystem, from a parcel delivery company and supermarket to an online payments affiliate. Despite stepping down, Ma is expected to remain pivotal to a sprawling industrial machine with e-commerce at its heart.“At this point, it’s still unlikely that Zhang would make important decisions without Ma’s support,” said Brock Silvers, managing director at Shanghai-based Kaiyuan Capital, an investment advisory firm.Read more: Alibaba’s rise creates 10 billionaires not named Jack Ma\–With assistance from Pei Yi Mak.To contact the reporter on this story: Venus Feng in Hong Kong at vfeng7@bloomberg.netTo contact the editors responsible for this story: Pierre Paulden at ppaulden@bloomberg.net, ;Peter Elstrom at pelstrom@bloomberg.net, Peter Eichenbaum, Edwin ChanFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

Amazon launches Prime service in challenging Brazil market
Tue, 10 Sep 2019 03:04:46 +0000
Amazon.com Inc said it will launch its Prime subscription service in Brazil on Tuesday as it seeks to broaden its footprint in Latin America's largest economy, where it has struggled against tough local competition. In a bid to dislodge established local e-commerce rivals including Magazine Luiza and Mercado Livre, Amazon is offering Prime subscribers unlimited nationwide free shipping and a maximum 48-hour delivery time in over 90 municipalities for goods ranging from clothes to electronics. Subscribers will also have access to movies, music, and digital books and magazines on the Prime platform, as Amazon looks to compete with online streaming services like Netflix.

Shopify to acquire Waltham robotics startup for $450M
Tue, 10 Sep 2019 01:09:37 +0000
Waltham-based 6 River Systems Inc., a startup founded by former executives from Amazon Robotics, is being acquired in one of the year’s biggest M&A; deals in the local technology sector.

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