Amazon (AMZN) Offering Possible 60% Return Over the Next 28 Calendar Days

Amazon's most recent trend suggests a bullish bias. One trading opportunity on Amazon is a Bull Put Spread using a strike $1855.00 short put and a strike $1845.00 long put offers a potential 60% return on risk over the next 28 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $1855.00 by expiration. The full premium credit of $3.75 would be kept by the premium seller. The risk of $6.25 would be incurred if the stock dropped below the $1845.00 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

May the shopping be with you: French supermarket tests robot delivery
Thu, 18 Apr 2019 07:48:56 +0000
Stepping up the race for automated deliveries with online retailers such as Amazon, Casino's Franprix chain will test the delivery robots on the streets of Paris's 13th arrondissement for a year. In the French capital, where Amazon has been running its Amazon Prime Now express delivery service since 2016, the speedy and convenient delivery of food has become a battleground among retailers. This is what builds the relationship with customers,” Franprix Managing Director Jean-Pierre Mochet said of the service, which will be free.

Amazon is shutting down its China marketplace business. Here's why it has struggled
Thu, 18 Apr 2019 07:27:30 +0000
Amazon is shutting down its domestic e-commerce marketplace business in China. The U.S. firm said it will focus on “cross-border” selling to Chinese consumers. Amazon has faced stiff competition from Chinese e-commerce giants Alibaba and JD.com.

Amazon, facing entrenched rivals, says to shut China online store
Thu, 18 Apr 2019 05:55:46 +0000
SAN FRANCISCO/BEIJING/HONG KONG (Reuters) – Amazon.com Inc said it will shut its China online store by July 18, as the U.S. e-commerce giant focuses on the lucrative businesses of selling overseas goods and cloud services in the world's most populous nation. The move underscores how entrenched, home-grown e-commerce rivals have made it difficult for Amazon's marketplace to gain traction in China. Consumer research firm iResearch Global said Alibaba Group Holding's Tmall marketplace and JD.com controlled 82 percent of the Chinese e-commerce market last year.

Amazon Is Preparing to Close a Chinese E-Commerce Store
Thu, 18 Apr 2019 05:55:23 +0000
Amazon will keep running its other businesses in China, including Amazon Web Services, Kindle e-books, and cross-border operations that help ship goods from Chinese merchants to customers abroad. Starting on July 18, customers logging in to Amazon’s Chinese web portal, Amazon.cn, will only see a selection of goods from its global store, rather than products from third-party sellers.

Amazon to close China marketplace in shift to imported goods
Thu, 18 Apr 2019 05:52:41 +0000
Amazon said that it will close its online store in China that allows the country’s consumers to buy from Chinese merchants after facing difficulties competing with domestic champions Alibaba and JD.com. The company said it was shifting its focus to selling imported goods in China, based on greater customer demand for products from the US and elsewhere. “Over the past few years, we have been evolving our China online retail business to increasingly emphasise cross-border sales, and in return we’ve seen very strong response from Chinese customers,” the statement said.

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