Amazon (AMZN) Offering Possible 48.7% Return Over the Next 34 Calendar Days

Amazon's most recent trend suggests a bullish bias. One trading opportunity on Amazon is a Bull Put Spread using a strike $1160.00 short put and a strike $1140.00 long put offers a potential 48.7% return on risk over the next 34 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $1160.00 by expiration. The full premium credit of $6.55 would be kept by the premium seller. The risk of $13.45 would be incurred if the stock dropped below the $1140.00 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 46.15 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

[$$] No Sequel to ‘Massacre at the Shopping Mall’ This Year
Fri, 15 Dec 2017 05:21:17 +0000
Amazon didn’t stop retailers’ Christmas from coming. Somehow or other, it came just the same.

Disney buying Fox film, TV units for $52 billion in digital push
Fri, 15 Dec 2017 04:32:26 +0000
The deal brings to a close more than half a century of expansion by Murdoch, 86, who turned a single Australian newspaper he inherited from his father at the age of 21 into one of the world's most important global news and film conglomerates. The new, slimmed down Fox will focus on TV news and sport. Early indications are that the deal will not face strong resistance from antitrust regulators as AT&T Corp's (T.N) bid to acquire Time Warner Inc (TWX.N) has done.

Target Just Got Serious About E-commerce
Fri, 15 Dec 2017 02:34:00 +0000
With a deal to buy Instacart rival Shipt, the company takes a big step up in same-day delivery.

2 Stocks That Turned $5,000 into $200,000
Fri, 15 Dec 2017 02:01:00 +0000
A big name in retail and a star entertainment stock could be bought on the cheap not long ago.

The $16,500 drone for farmers, sold on Amazon
Thu, 14 Dec 2017 23:52:00 +0000
Jim Cramer sat down with AeroVironment President and CEO Wahid Nawabi to hear about his defense and commercial drone company's new products.

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