Amazon (AMZN) Offering Possible 51.52% Return Over the Next 29 Calendar Days

Amazon's most recent trend suggests a bullish bias. One trading opportunity on Amazon is a Bull Put Spread using a strike $2000.00 short put and a strike $1990.00 long put offers a potential 51.52% return on risk over the next 29 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $2000.00 by expiration. The full premium credit of $3.40 would be kept by the premium seller. The risk of $6.60 would be incurred if the stock dropped below the $1990.00 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 above 80 which suggests that the stock is in overbought territory.

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

EU antitrust regulators to investigate Amazon over merchant data
Wed, 17 Jul 2019 09:45:00 +0000

Back-to-School Spending Looks Set to Rise (and Fall) This Year
Wed, 17 Jul 2019 09:21:00 +0000
A new survey suggests parents will spend more on average — but there's an algebra class caveat for retailers in those numbers.

Amazon Settles German Antitrust Probe Ahead of EU Battle
Wed, 17 Jul 2019 09:11:40 +0000
(Bloomberg) — Amazon.com Inc. struck a deal with Germany and Austria to shut down antitrust probes into how it handles other merchants on its site, just as it faces a bigger European Union investigation into its use of sellers’ data.The U.S. retail giant will change its business services agreement worldwide in mid-August to address a number of complaints from sellers, the German Federal Cartel Office said in an emailed statement on Wednesday.“We have obtained far-reaching improvements for sellers active on Amazon marketplaces worldwide,” Andreas Mundt, president of the German regulator, said in the statement. “The proceedings are now terminated.”Amazon’s troubles in Europe are only just beginning even as those two probes end. The company faces a full-blown EU antitrust investigation that could be announced as soon as this week. That targets Amazon’s online business model as a host to many smaller retailers in an inquiry that could also affect other tech giants.The EU has been asking how Amazon might use data it collects from sellers on its Marketplace platform, such as seeing what products do well, and whether Amazon uses that data advantage to launch similar items.Amazon said it will make changes to its Amazon Services Business Solutions Agreement from Aug. 16 to address issues raised by the German and Austrian regulators. Those probes targeted terms of business, liability provisions, contract clauses on where sellers could sue the company and the process of blocking and closing sellers’ accounts. Amazon’s rules on returns and reimbursements for customers will be unchanged, the German Cartel Office said.Amazon is also promising to roll out its Vine rating program to marketplace sellers who own a brand name registered with Amazon, the Cartel Office said. This is a response to sellers’ complaints that Amazon prefers its own sales as a retailer because it removes product reviews from external providers. Amazon argued that it’s acting against a considerable risk of fake reviews, the office said.\–With assistance from Matthias Wabl.To contact the reporters on this story: Stephanie Bodoni in Luxembourg at sbodoni@bloomberg.net;Aoife White in Brussels at awhite62@bloomberg.netTo contact the editors responsible for this story: Anthony Aarons at aaarons@bloomberg.net, Peter ChapmanFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

Amazon faces EU antitrust probe over use of merchant data – source
Wed, 17 Jul 2019 08:38:22 +0000
Amazon, the world's largest online retailer, could face an EU antitrust investigation within days over its use of merchants' data, a person familiar with the matter said on Wednesday. The European Commission has been seeking feedback from retailers and manufacturers since September last year, one of several competition enforcers taking a deeper look into Amazon's business practices amidst calls by some for its break-up. European Competition Commissioner Margrethe Vestager has said the issue is about a company hosting merchants on its site and at the same time competing with those same retailers by using their data for its own sales.

Trump's Tariff Deal Comes Down to a Coin Flip
Wed, 17 Jul 2019 08:00:14 +0000
(Bloomberg Opinion) — Donald Trump has called the European Union a “foe” and has threatened to “tariff the hell” out of the 28-country bloc. So where should we put the chances of the U.S. president agreeing a trade deal with Brussels before he has to face reelection next year? In a surprising burst of cheerful optimism, Germany’s economy minister Peter Altmaier places them as high as 50%. He told reporters last week: “There is a mutual interest to avoid an escalation and to seek a reasonable solution.”In fairness to Altmaier, 50% is only a coin toss. It’s a reasonable enough bet given the capricious nature of Trump (even if you also need to factor in just how tortuous the U.S. and China trade talks have been and the reluctance of EU leaders such as Emmanuel Macron to give any big concessions on cherished markets like agriculture). The EU negotiations began acrimoniously and might still fall apart acrimoniously, but in Trump-world you never can tell.Indeed, judging by the quietly positive mood among trade experts in Brussels, 50% might be a little on the conservative side. There’s a belief there that Trump will want some kind of deal to deliver to voters in 2020, while the EU side will be eager to defuse transatlantic tensions and ease the pain of a slowing world economy. The EU’s recent signing of trade agreements with Japan and the South American trading bloc Mercosur offers encouragement.Still, the scope of any deal (should it happen) would probably be limited to the reduction of tariffs on industrial goods and of technical barriers to trade. It wouldn’t be an all-singing, all-dancing free trade agreement.The idea of cutting tariffs on cars might seem like a big European concession at first glance, considering they’re set currently at 10% in the EU and 2.5% in the U.S. But throw in pickups and trucks, which face a 25% tariff when entering the U.S. versus 10%-22% going into Europe, and you see the mutual interest in an overall cut.So imagine this deal does actually happen: The signature, the handshake, the photo-op. Would that encourage Trump to bury the trade-war hatchet permanently with regards Europe? It’s unlikely. There’s no indication that the dreaded $25 billion auto trade surplus that Germany enjoys with the U.S. would vanish, for one thing. Uri Dadush of the Brussels-based think tank Bruegel reckons a tariff deal’s overall effect on the two blocs’ industrial output would be near-imperceptible. If voters re-endorse Trump’s “America First” call in 2020, he would have a mandate to renew hostilities.To deliver a lasting trade peace, both sides would need look at regulation and taxation as well as tariffs. Two obvious areas of tension are the food safety standards that keep America’s chlorine-washed chickens off European dinner plates and the forthcoming French digital tax on tech giants such as Amazon.com Inc., Alphabet Inc. and Facebook Inc.Altmaier says the French tax – which has infuriated the Trump administration – “shouldn’t” be allowed to impede trade talks. But with the U.S. and EU leaders so divided on core issues such as environmental protection and technology, it will take years to find an agreement beyond an immediate and relatively straightforward tariff deal.As well as the American election, next year will also bring a final ruling from the European Court of Justice on whether U.S. data-privacy standards are too lax to allow the free flow of user data from Europe. If the ECJ rules against the way things are done now, it will prove that the Trump-Europe divide is about far more than the sticker price of a BMW. It will be much harder to bridge as a result.To contact the author of this story: Lionel Laurent at llaurent2@bloomberg.netTo contact the editor responsible for this story: James Boxell at jboxell@bloomberg.netThis column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Lionel Laurent is a Bloomberg Opinion columnist covering Brussels. He previously worked at Reuters and Forbes.For more articles like this, please visit us at bloomberg.com/opinion©2019 Bloomberg L.P.

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