Amazon (AMZN) Offering Possible 53.85% 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 $890.00 short put and a strike $880.00 long put offers a potential 53.85% 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 $890.00 by expiration. The full premium credit of $3.50 would be kept by the premium seller. The risk of $6.50 would be incurred if the stock dropped below the $880.00 long put strike price.

The 5-day moving average is moving down which suggests that the short-term momentum for Amazon is bearish and the probability of a decline 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 61.56 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

Apple And Amazon Make Strange Bedfellows In The Chip Business
Thu, 20 Apr 2017 09:38:00 +0000
Apple and Amazon to partner with Foxconn to go after Toshiba flash unit

[$$] SoftBank seeks change of tack after Snapdeal woes
Thu, 20 Apr 2017 06:08:07 +0000
Flush from the huge success of his bet on China’s Alibaba, SoftBank chairman Masayoshi Son in November 2014 targeted a second bonanza in a market hotly tipped for similarly expansive ecommerce growth. …

Amazon’s arrival sounds wake-up bell for Australia’s sleepy retailers
Thu, 20 Apr 2017 04:09:01 +0000
Global e-commerce juggernaut Amazon.com Inc on Thursday said it will open its online shopfront service in Australia, ending rumors about its plans and increasing the pressure on the domestic retail sector to catch up with the digital economy. The announcement fires the starting gun on a new era of competition between bricks-and-mortar and online retail in the world’s 12th-largest economy, where 80 percent of the population live in cities and more than 90 percent have home internet. Shares of electronics and appliances retailer Harvey Norman Holdings Ltd and department store chain Myer Holdings Ltd slumped 3 percent, while electronics merchant JB Hi-Fi Ltd lost more than 1 percent in a flat overall market.

FANG Stocks News & Quotes: Facebook, Amazon, Netflix, Google
Thu, 20 Apr 2017 02:12:42 +0000
Get the latest news, stock quotes and analysis of FANG stocks Facebook, Amazon, Netflix and Google-parent Alphabet.

Why Ad-Dependent Google Is Poised To Add Ad Blocker To Chrome
Thu, 20 Apr 2017 01:38:25 +0000
Alphabet's Google gets the vast majority of its revenue from online ads, but reportedly is mulling a Chrome ad blocker.

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