Amazon (AMZN) Offering Possible 40.85% Return Over the Next 22 Calendar Days

Amazon's most recent trend suggests a bearish bias. One trading opportunity on Amazon is a Bear Call Spread using a strike $980.00 short call and a strike $985.00 long call offers a potential 40.85% return on risk over the next 22 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $980.00 by expiration. The full premium credit of $1.45 would be kept by the premium seller. The risk of $3.55 would be incurred if the stock rose above the $985.00 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 55.04 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 earnings: The iPhone X and other new gadgets that will matter this holiday season
Wed, 25 Oct 2017 07:29:14 +0000
Gadget companies and Silicon Valley tech titans alike have unveiled a swath of new toys leading up to the holiday shopping season and as earnings approach, investors can learn a great deal about what’s …

Amazon earnings: Analysts await news of the Whole Foods impact
Wed, 25 Oct 2017 07:26:43 +0000
Analysts are looking for information about the impact that Whole Foods will have on Amazon’s third-quarter and beyond.

See what Amazon is doing next in Phoenix
Wed, 25 Oct 2017 07:20:15 +0000
Amazon.com Inc. (AMZN) now has more than 6,000 employees in the Phoenix and plans to add another 1,000 workers at a retrofitted fulfillment center and a new one in the West Valley. Amazon has renovated its existing building at Buckeye Road near 67th Avenue. Amazon is also landing a new distribution center at Lower Buckeye Road near 51st Avenue in west Phoenix.

PayPal Shares Hit a New High Friday, but Ex-Parent eBay Is Struggling
Wed, 25 Oct 2017 01:20:00 +0000
The payment company’s earnings and revenue beat expectations in the third quarter, and Venmo made a big difference. But the e-commerce and auction site is lagging its rivals.

Why Netflix Shares Took a Little Dip After a Great Q3 Report
Wed, 25 Oct 2017 01:10:00 +0000
After a steep run up in 2017, even beating estimates wasn’t enough to lift the streaming leader this time.

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