Amazon (AMZN) Offering Possible 33.33% Return Over the Next 14 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 33.33% return on risk over the next 14 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 $2.50 would be kept by the premium seller. The risk of $7.50 would be incurred if the stock dropped below the $880.00 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 72.89 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

[$$] Tech's High-Stakes Arms Race: Costly Data Centers
Fri, 07 Apr 2017 09:30:20 UTC
Just as oil and gas companies plow billions of dollars in searching for new energy reserves, big technology companies are spending lavishly on a global footprint of sophisticated computers to run every …

[$$] Amazon to Add 30,000 Part-Time U.S. Jobs
Fri, 07 Apr 2017 04:34:04 UTC
Amazon.com said it will create 30,000 part-time positions in the U.S. over the next year, nearly doubling the total as its customer base and sprawling warehouse network expand.

Don't Be Fooled by This Retail Relief Rally: Cramer's ‘Mad Money' Recap (Thursday 4/6/17)
Fri, 07 Apr 2017 02:35:00 UTC
No, people aren't suddenly deciding they want to go back to shopping at the mall, says Jim Cramer.

PayPal Is Still King of Online Payment Services
Fri, 07 Apr 2017 00:06:00 UTC
The online payment platform space is crowded and fiercely competitive. But even as more competitors enter the field, one company stands above the rest.

What's causing retail's 'anti-Amazon rally'
Fri, 07 Apr 2017 00:03:00 UTC
Jim Cramer believes the traditional retailers leading the market benefited from not-so-bad earnings.

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