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 Amazon.com 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.

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