Amazon (AMZN) Offering Possible 51.52% Return Over the Next 36 Calendar Days

Amazon’s most recent trend suggests a bullish bias. One trading opportunity on Amazon is a Bull Put Spread using a strike $1690.00 short put and a strike $1680.00 long put offers a potential 51.52% return on risk over the next 36 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $1690.00 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 $1680.00 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

AT&T and Time Warner, the Fed, Amazon and ZTE – 5 Things You Must Know
Wed, 13 Jun 2018 09:50:00 +0000
with no conditions is expected to encourage more vertical combinations among media and entertainment companies. The green light given to AT&T on Tuesday, June 12, could spur Comcast Corp. to pursue its planned hostile takeover of the assets of Twenty-First Century Fox Inc.

[$$] BoE pushes banks to improve service in IT failures
Wed, 13 Jun 2018 09:49:45 +0000
The Bank of England will demand new minimum standards of service that it expects financial companies to deliver in the wake of a cyber attack or major IT failure. The BoE’s Financial Policy Committee – whose job it is to spot and mitigate risks to the entire UK financial system – is developing a new framework, and regulators will publish a discussion paper as a first step to formulating new rules around resilience to so-called operational risk, a BoE senior banking supervisor said on Wednesday. “We have seen an increase in the number of operational incidents – be they caused by internal failures or from external attack,” said Lyndon Nelson, the deputy chief executive of the BoE’s Prudential Regulation Authority, which supervises the largest banks and insurers.

[$$] How Whole Foods Gives Amazon a Boost
Wed, 13 Jun 2018 09:30:02 +0000
has a very simple view of the world: There is the money consumers spend on Amazon, and the money they spend not on Amazon. Food and beverages, which account for one-fifth of the money Americans spend on goods, may be the biggest category of spending that is largely not done on Amazon. The Whole Foods deal announced a year ago was meant to change that.

10 cloud-computing stocks that live up to the hype
Wed, 13 Jun 2018 09:13:31 +0000
For technology investors, it’s important to separate hype from reality. A segment of the technology market that continues to live up to the hype, however, is cloud computing. Consider that the global public cloud market will hit $178 billion this year.

There Aren’t Enough Drivers to Keep Up With Your Delivery Lifestyle
Wed, 13 Jun 2018 09:00:00 +0000
The relentless growth of Amazon.com Inc.’s Prime memberships has led the e-commerce giant to tap courier services like INPAX to make same-day and two-day deliveries in what’s called “the final mile” to customer homes. “In the final-mile world, there’s more work than you can handle,” said Wright, who employs 300 drivers running U.S. routes for Amazon and 200 independent contractors for non-Amazon accounts. Atlanta-based INPAX and other regional services supplement the major haulers — United Parcel Service Inc., FedEx Corp. and the U.S. Postal Service.

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