Amazon (AMZN) Offering Possible 37.61% Return Over the Next 16 Calendar Days

Amazon's most recent trend suggests a bearish bias. One trading opportunity on Amazon is a Bear Call Spread using a strike $1645.00 short call and a strike $1652.50 long call offers a potential 37.61% return on risk over the next 16 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $1645.00 by expiration. The full premium credit of $2.05 would be kept by the premium seller. The risk of $5.45 would be incurred if the stock rose above the $1652.50 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 51.46 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

Exclusive: Walmart's Flipkart warns of major ‘customer disruption' if new India rules not delayed
Tue, 29 Jan 2019 10:14:56 +0000
Walmart Inc's online retailer Flipkart has told the Indian government the company faces the risk of “significant customer disruption” if the implementation of new curbs for e-commerce is not delayed by six months, a source told Reuters. India's new foreign investment restrictions will, from Feb. 1, bar e-commerce companies from selling products from firms in which they have an equity interest and also ban them from reaching deals with sellers to only sell on one platform. In a letter to India's industries department earlier this month, Flipkart Chief Executive Kalyan Krishnamurthy said the rules required the company to assess “all elements” of its business operations, according to a person privy to the communication.

Exclusive: Flipkart warns of major ‘customer disruption' if India's new e-commerce rules not delayed
Tue, 29 Jan 2019 10:06:00 +0000
Walmart Inc's online retailer Flipkart has told the government the company faces the risk of “significant customer disruption” if the implementation of new curbs for e-commerce is not delayed by six months, a source told Reuters. India's new foreign investment restrictions will, from February 1, bar e-commerce companies from selling products from firms in which they have an equity interest and also ban them from reaching deals with sellers to only sell on one platform. In a letter to India's industries department earlier this month, Flipkart Chief Executive Kalyan Krishnamurthy said the rules required the company to assess “all elements” of its business operations, according to a person privy to the communication.

This Market's Holding Up: Cramer's ‘Mad Money' Recap (Monday 1/28/19)
Tue, 29 Jan 2019 02:53:00 +0000
, Cramer said, but this market just doesn't want to stay down for long. The weakness reported by Caterpillar — its biggest earnings miss in 10 years — fell largely on the back on China, where the company is now forecasting flat growth for 2019. Normally, bad news like this would've sent all of the industrials markedly lower, Cramer said.

Has Amazon Really Changed Whole Foods' Image?
Tue, 29 Jan 2019 01:08:00 +0000
The organic grocer has been trying to shake its "Whole Paycheck" image for years.

Amazon incentive bill sails through the General Assembly. Governor's next.
Tue, 29 Jan 2019 00:45:34 +0000
The Virginia House of Delegates on Monday overwhelmingly backed legislation to provide Amazon.com Inc. with up to $750 million in incentives for opening a second headquarters in Arlington. The Major Headquarters Workforce Grant Fund, passed by the Senate last week, earned House approval by an 83-16 vote. Del. Alfonso Lopez, whose 49th District abuts Crystal City, opposed the measure.

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