Amazon (AMZN) Offering Possible 8.7% Return Over the Next 22 Calendar Days

Amazon's most recent trend suggests a bullish bias. One trading opportunity on Amazon is a Bull Put Spread using a strike $1770.00 short put and a strike $1765.00 long put offers a potential 8.7% return on risk over the next 22 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $1770.00 by expiration. The full premium credit of $0.40 would be kept by the premium seller. The risk of $4.60 would be incurred if the stock dropped below the $1765.00 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 61.92 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

[$$] Michelle Obama’s memoirs on track to be most successful ever
Tue, 26 Mar 2019 09:31:22 +0000
Michelle Obama’s autobiography Becoming is on course to become the most successful memoir in publishing history, after selling more than 10m copies to date, the former first lady’s publisher said on Tuesday. , chief executive of German media group Bertelsmann, hailed the book as “the most notable creative success” of the past year. The news came as Bertelsmann unveiled a 3 per cent increase in group revenues to €17.7bn for 2018, after the Gütersloh-based group made progress in shifting its business towards digital.

Comparing Amazon's vs. Alibaba's Business Models
Tue, 26 Mar 2019 02:15:33 +0000
Learn how Alibaba and Amazon compare in terms of each company's applied business model and understand the markets each company aims to reach.

Free-to-Play Games and the Future of Interactive Streaming
Mon, 25 Mar 2019 23:54:00 +0000
With the free-to-play revolution, video game developers and publishers are getting used to treating video games as services.

Forget Apple's Credit Card, Buy Fintech Power Square (SQ) Stock on the Dip
Mon, 25 Mar 2019 23:21:11 +0000
Despite the 2019 climb, Square (SQ) stock rests 26% below its 52-week high, which gives the stock plenty of room to run. Plus, Square looks poised to grow as part of the larger fintech revolution that Apple (AAPL) and other FAANG firms hope to capitalize on.

Apple's New Content Services and Credit Card: 6 Key Takeaways
Mon, 25 Mar 2019 23:01:00 +0000
During a Monday event held at the Steve Jobs Theater in Cupertino, CA, Apple unveiled a news and magazine subscription service called News+, a game-subscription service called Arcade and a video subscription service called TV+. News+ is launching immediately, while Arcade and TV+ are launching this fall. The company also showed off a revamped Apple TV app that will launch in May and support both TV+ and (through a service called Apple TV Channels) third-party video subscription services, as well as the Apple Card, an Apple-branded credit card that launches this summer in the U.S. and integrates with Apple Pay and the Wallet app.

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