Amazon (AMZN) Offering Possible 57.48% Return Over the Next 29 Calendar Days

Amazon's most recent trend suggests a bullish bias. One trading opportunity on Amazon is a Bull Put Spread using a strike $1000.00 short put and a strike $990.00 long put offers a potential 57.48% return on risk over the next 29 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $1000.00 by expiration. The full premium credit of $3.65 would be kept by the premium seller. The risk of $6.35 would be incurred if the stock dropped below the $990.00 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 above 80 which suggests that the stock is in overbought territory.

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

[$$] Should You Buy Retailers for Christmas?
Wed, 18 Oct 2017 09:40:22 +0000
Retail stocks are, as the Wall Street cliché puts it, cheap for a reason. But are they too cheap?

Kohls' Gass on Amazon, Holiday Season, Becoming CEO
Wed, 18 Oct 2017 09:06:40 +0000
Oct.18 — As many retailers try to stave off the threat from Amazon, Kohl’s is embracing the online retailer. From today customers in LA and Chicago can take their Amazon returns to Kohl’s and in some stores they’ll find space devoted to Amazon smart home products. Bloomberg's Emma Chandra spoke to Kohl’s’ Chief Merchandising Officer and incoming CEO Michelle Gass  

Wooing Amazon with sun, fun … and giant buttons
Wed, 18 Oct 2017 07:31:54 +0000
BOSTON (AP) — Mayors from Toledo to Tulsa are so eager to woo Amazon's much-vaunted second headquarters that they're brandishing bourbon, selling the sun, whispering sweet nothings to the company and even pushing its buttons.

Big question for US cities: Is Amazon's HQ2 worth the price?
Wed, 18 Oct 2017 07:28:42 +0000
Dozens of cities are working frantically to land Amazon's second headquarters, raising a weighty question with no easy answer: Is it worth it? Amazon is promising $5 billion of investment and 50,000 jobs …

Amazon, Apple, Google and Facebook will all go away within 50 years, says author
Wed, 18 Oct 2017 07:10:50 +0000
Scott Galloway, a professor and former entrepreneur, sees an uncertain future for Amazon.com, Apple Inc., Facebook and Alphabet Inc.’s Google in his new book on the powerful tech giants, “The Four.”

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