Amazon (AMZN) Offering Possible 48.15% Return Over the Next 23 Calendar Days

Amazon's most recent trend suggests a bearish bias. One trading opportunity on Amazon is a Bear Call Spread using a strike $960.00 short call and a strike $970.00 long call offers a potential 48.15% return on risk over the next 23 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $960.00 by expiration. The full premium credit of $3.25 would be kept by the premium seller. The risk of $6.75 would be incurred if the stock rose above the $970.00 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 29.83 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

[$$] Head of America's Largest Grocer Talks Amazon and Ugly Tomatoes
Tue, 22 Aug 2017 09:53:12 +0000
Rodney McMullen is navigating Kroger Co. through its stormiest period in more than a decade.

[$$] Parts Suppliers Take a Hit From the Amazon Effect
Tue, 22 Aug 2017 04:08:47 +0000
Amazon.com Inc. is joining a host of online sellers shaking up the roughly $130 billion market for industrial parts used by plumbers, electricians and manufacturers.

Amazon faces high-profile pressure to pull ads from Bannon’s far-right Breitbart
Tue, 22 Aug 2017 02:59:42 +0000
Actress Mira Sorvino and Conan O'Brien sidekick Andy Richter have joined calls for Amazon to pull its ads from Steve Bannon's far-right Breitbart news site.

Consider Alibaba's Profit Last Quarter: $2 Billion-Plus
Tue, 22 Aug 2017 00:30:00 +0000
And that’s not even the most salient point for investors. Let’s talk user growth, for example.

Is Synaptics’ 26% Drop an Opportunity or a Red Flag?
Mon, 21 Aug 2017 23:41:00 +0000
Synaptics investors can count on these two opportunities for long-term growth.

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