Amazon (AMZN) Offering Possible 85.19% Return Over the Next 24 Calendar Days

Amazon's most recent trend suggests a bearish bias. One trading opportunity on Amazon is a Bear Call Spread using a strike $3255.00 short call and a strike $3265.00 long call offers a potential 85.19% return on risk over the next 24 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $3255.00 by expiration. The full premium credit of $4.60 would be kept by the premium seller. The risk of $5.40 would be incurred if the stock rose above the $3265.00 long call 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 down which suggests that the medium-term momentum for Amazon is bearish.

The RSI indicator is at 54.1 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

This Costco rival is booming
Mon, 22 Feb 2021 11:56:39 +0000
Sam's Club, one of Costco's long-time foes, has a full head of steam right now.

Ambani’s $3.4 Billion Retail Deal Stalled by Indian Court
Mon, 22 Feb 2021 09:30:55 +0000
(Bloomberg) — India’s Supreme Court stopped regulatory approval for the Future Group’s $3.4 billion asset sale to Reliance Industries Ltd., delaying the deal in a boost for Amazon.com Inc., which wants to scuttle the transaction in its bid to dominate the country’s retail sector.Agreeing with the American e-commerce giant’s petition, the top court on Monday overturned a lower court’s ruling and said the company tribunal can continue hearing the case but must not give a final nod till further orders. The court also sought written statements from Future Retail Ltd. and said it will hear the case after five weeks. Future’s stocks and bonds fell.The latest verdict restores the legal advantage for Jeff Bezos-founded Amazon that secured an interim stay on the deal from a Singapore arbitration tribunal in October. It accused the Future Group of violating a partnership contract when it agreed to sell assets to billionaire Mukesh Ambani’s conglomerate last year. The Monday order, however, endangers Future Retail, which is struggling to pay debt and has warned of insolvency.​​Future Retail’s stock fell as much as 10% and its dollar bond maturing in 2025 dropped 3.8 cents on the dollar after the court order Monday, Bloomberg-compiled prices show. Reliance Industries also slipped as much as 2.8%.Representatives for Amazon India, Future and Reliance Industries didn’t immediately respond to requests for comment.Future Retail can move the Singapore arbitration tribunal to lift the interim stay the emergency arbitrator had imposed, that has formed the basis of Indian Supreme Court’s order.The cash strapped Indian retailer, which says it would collapse should the deal with Reliance fail, is caught between two of the world’s richest men as they compete for dominance in India’s estimated $1 trillion consumer retail market. The legal dispute over Future has turned into a fierce legal wrangle across courtrooms in two countries. Amazon is unwilling to cede any competitive advantage to Reliance in the only billion-people-plus market left in the world after the American firm lost out to local rivals in China.The case is also keenly watched by investors as it sets a precedent on the validity of emergency decisions by foreign arbitrators in India. The verdict comes at a time when Amazon is increasing its footprint in the country. The U.S. firm announced this month that it was setting up manufacturing operations in the South Asian country.(Updates with bonds move in the fourth paragraph.)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.

India's top court bars final tribunal ruling on Future's $3.4 billion deal
Mon, 22 Feb 2021 07:24:14 +0000
India's Supreme Court barred on Monday a final ruling by a tribunal reviewing Future Group's $3.4 billion sale of retail assets until the top court hears objections from aggrieved partner Amazon.com Inc, three sources said. The outcome of the tussle involving two of the world's richest men, Amazon's Jeff Bezos and Reliance's Mukesh Ambani, could reshape India's pandemic-hit shopping sector and decide if Amazon can blunt Reliance's dominance of retail.

India's top court bars final tribunal ruling on Future's $3.4 bln deal
Mon, 22 Feb 2021 07:15:58 +0000
India's Supreme Court barredon Monday a final ruling by a tribunal reviewing Future Group's$3.4 billion sale of retail assets until the top court hearsobjections from aggrieved partner Amazon.com Inc, threesources said. The outcome of the tussle involving two of the world'srichest men, Amazon's Jeff Bezos and Reliance's Mukesh Ambani,could reshape India's pandemic-hit shopping sector and decide ifAmazon can blunt Reliance's dominance of retail.

Elizabeth Warren's Economic Plan: Break Things That Are Fixed
Sun, 21 Feb 2021 21:01:25 +0000
If the system is rigged, as Warren sees it, it must be broken and remade. Here's how she plans to.

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