Amazon (AMZN) Offering Possible 31.58% Return Over the Next 10 Calendar Days

Amazon's most recent trend suggests a bullish bias. One trading opportunity on Amazon is a Bull Put Spread using a strike $1787.50 short put and a strike $1782.50 long put offers a potential 31.58% return on risk over the next 10 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $1787.50 by expiration. The full premium credit of $1.20 would be kept by the premium seller. The risk of $3.80 would be incurred if the stock dropped below the $1782.50 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 61.64 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

Amazon Announces Fast, Free and Convenient Delivery Options this Holiday Season
Mon, 04 Nov 2019 08:00:00 +0000
With the holiday season officially underway, Amazon (AMZN) has expanded its fast, free, and convenient delivery options. Amazon has also expanded its Prime Free Same-Day Delivery, bringing the convenience of doorstep delivery within hours to millions more members since last holiday season. This is in addition to free shipping on millions of items that all customers can enjoy year-round on orders over $25.

6 Stocks That Can Win the Pay TV Streaming Wars
Mon, 04 Nov 2019 07:30:26 +0000
Video streaming services are proliferating rapidly, with a growing number of deep pocketed players getting into the game. A shakeout is inevitable.

Credit cards have gone out of style in China — will the U.S. be far behind?
Mon, 04 Nov 2019 01:04:00 +0000
WeChat and Alipay are the most widely accepted forms of payment in China which has allowed merchants to avoid paying credit card fees

Why President Trump’s kids are probably celebrating his move to Florida
Sun, 03 Nov 2019 22:27:00 +0000
President Trump announced a move Thursday night that’s popular with billionaires. In a series of tweets, President Trump said he has moved his permanent residence to Palm Beach, Fla., and said he had been “treated very badly by the political leaders of both the city and state” of New York. “Few have been treated worse,” he said, through he added New York “will always have a special place in my heart!” Florida does not have a state income tax or inheritance tax.

Roku Takes on TTD with the Dataxu Acquisition
Sun, 03 Nov 2019 19:00:19 +0000
Tech company Roku (ROKU) announced it bought dataxu last month. The company announced it made a deal to purchase dataxu for $150 million.

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