Amazon (AMZN) Offering Possible 28.21% 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 $997.50 short put and a strike $992.50 long put offers a potential 28.21% 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 $997.50 by expiration. The full premium credit of $1.10 would be kept by the premium seller. The risk of $3.90 would be incurred if the stock dropped below the $992.50 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 52.06 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

Alibaba: ‘Inflection Point' in Chinese Demand For Foreign Products
Thu, 22 Jun 2017 08:37:00 +0000
The surge in Alibaba (BABA) shares to a record high has been stoked by the company's strong revenue growth forecasts at its recent two-day investor meeting and its plans to use big data to capture a greater share of consumers' wallets. Here's their take: Importantly, presenters suggested that Alibaba is nearing an inflection point in selling imports from North America, with many sellers seek growth through new marketplaces, and in some cases, to diversify their businesses from over-dependence on Amazon. Baird rates Alibaba an outperform and has a price target of $170 a share.

It’s not just Amazon and Whole Foods: Here’s Jeff Bezos’ enormous empire, in one chart
Thu, 22 Jun 2017 06:44:08 +0000
With a net worth of $84.7 billion, Bezos has made a number of investments and acquisitions. Here is a snapshot of the empire.

[$$] The Economy Needs Amazons, but It Mostly Has GEs
Thu, 22 Jun 2017 04:36:25 +0000
When Amazon.com Inc. announced Friday it was buying Whole Foods, the stock market got a taste of something long missing: volatility. If Amazon is one extreme in how companies invest, General Electric is …

[$$] Oracle’s Cloud Business Lifts Profit
Thu, 22 Jun 2017 04:34:39 +0000
Oracle Corp. said Wednesday its quarterly profit rose 15% from a year earlier to $3.23 billion.

[$$] Wal-Mart to Vendors: Get Off Amazon’s Cloud
Thu, 22 Jun 2017 04:34:37 +0000
Wal-Mart is telling some technology companies that if they want its business, they can’t run applications for the retailer on Amazon’s leading cloud-computing service, Amazon Web Services.

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