Amazon (AMZN) Offering Possible 46.52% Return Over the Next 24 Calendar Days

Amazon's most recent trend suggests a bullish bias. One trading opportunity on Amazon is a Bull Put Spread using a strike $3260.00 short put and a strike $3240.00 long put offers a potential 46.52% return on risk over the next 24 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $3260.00 by expiration. The full premium credit of $6.35 would be kept by the premium seller. The risk of $13.65 would be incurred if the stock dropped below the $3240.00 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 63.95 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

Dow Jones Futures: A Long-Term Stock Market Rally Warning; Trump Touts Coronavirus Plasma Approval
Mon, 24 Aug 2020 09:52:14 +0000
Is the stock market extended? It depends on your timeframe. President Trump touted FDA approval of Covid plasma. Amazon, Google, Alibaba are tech giants offering early entries.

Tencent Nears Deal to Take Gaming Firm Leyou Private
Mon, 24 Aug 2020 08:29:28 +0000
(Bloomberg) — Tencent Holdings Ltd. is close to taking Leyou Technologies Holdings Ltd. private in a deal that would value the Chinese gaming firm at about $1.3 billion, according to people familiar with the matter.The companies are discussing an offer price range of HK$3.30 to HK$3.40 for each Leyou share, said the people, who asked not to be identified as the information is private. Leyou’s major shareholder Charles Yuk plans to sell his entire stake in the company, the people said. Yuk held about 69% of the Hong Kong-listed firm as of the end of December, its latest annual report shows.Shares of Leyou erased earlier losses and jumped as much as 4.8% on the Bloomberg News report. The stock closed up 2.9% at HK$3.20, giving the gaming company a market value of about $1.27 billion.Negotiations are in an advanced stage and an agreement could be announced as soon as this week, according to the people. Talks could still be delayed or fall apart and details including offer price and timeline have not been finalized, the people said. Representatives for Leyou and Tencent didn’t immediately respond to requests for comment.A deal would mark the end of almost a yearlong process that has been in motion since at least September. Bidders included Tencent-backed iDreamSky Technology Holdings Ltd., Zhejiang Century Huatong Group Co., a Shenzhen-listed gaming firm that also counts Tencent as a shareholder, Japanese tech giant Sony Corp., as well as private equity firms.On July 10, Tencent Mobility Ltd., a wholly-owned unit of the Chinese tech giant, entered into an exclusive agreement with Leyou for a potential privatization. The companies didn’t provide any financial details.Leyou, which was listed in Hong Kong in 2011, makes games including free shooting games Warframe and Dirty Bomb. It’s also working with Inc. to co-produce a video game based on the popular fantasy series “The Lord of the Rings,” according to its website.The company reported a $5.8 million loss in the first half of the year, compared to $9.3 million net income in the same period in 2019. Leyou attributed the loss in part to the coronavirus outbreak’s impact on the ability to develop fresh content for Warframe, even though registered users rose 15.5% in the half-year period compared to the previous year.(Updates share price in the third paragraph and earnings in the eighth paragraph.)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.

PRESS DIGEST-British Business – Aug. 24
Mon, 24 Aug 2020 00:11:32 +0000

4 Back-to-School Stocks That Will Win in the New Normal
Sun, 23 Aug 2020 18:00:00 +0000
Kids are returning to the classroom, but it's not the same. These are the publicly traded companies cashing in on the new and highly unusual school year.

Got $5,000 to Invest? These 3 Stocks Offer Explosive Potential Gains
Sun, 23 Aug 2020 13:48:00 +0000
For investors with the right temperament and a sufficient investing horizon, these stocks could make you rich.

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 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.