Amazon (AMZN) Offering Possible 18.11% Return Over the Next 7 Calendar Days

Amazon's most recent trend suggests a bullish bias. One trading opportunity on Amazon is a Bull Put Spread using a strike $3155.00 short put and a strike $3140.00 long put offers a potential 18.11% return on risk over the next 7 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $3155.00 by expiration. The full premium credit of $2.30 would be kept by the premium seller. The risk of $12.70 would be incurred if the stock dropped below the $3140.00 long put 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 up which suggests that the medium-term momentum for Amazon is bullish.

The RSI indicator is at 62.92 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

Bob Woodward’s new Trump book, ‘Rage,’ due out in September
Thu, 13 Aug 2020 03:45:00 +0000
Veteran Washington Post reporter Bob Woodward’s new book about President Donald Trump is titled “Rage” and will be released Sept. 15, less than two months before Election Day, according to a listing on Amazon.com.

PRESS DIGEST- Financial Times – Aug. 13
Thu, 13 Aug 2020 01:16:16 +0000
– Facebook groups enabling the creation of fraudulent Amazon reviews are thriving, seven months after the social network assured the UK's competition regulator it would curb the behaviour. – British officials are prepared to decide whether to add France to its quarantine list on Thursday when UK's travel regime is reviewed, as France on Wednesday reported a record 2,524 new coronavirus infections over 24 hours. – Estate agents and surveyors are growing increasingly concerned about the risk of “a boom followed by a bust” in the property market, warning that a surge in activity in July is likely to evaporate if the UK economic picture darkens later this year, according to survey by the Royal Institution of Chartered Surveyors.

Franklin Templeton Is in Talks to Back Sneaker Unicorn Allbirds
Thu, 13 Aug 2020 00:55:37 +0000
(Bloomberg) — Franklin Templeton is in talks to invest in shoemaker Allbirds Inc. at a premium to its $1.4 billion valuation in 2018, according to people with knowledge of the matter.Founded by Joey Zwillinger and Tim Brown, the San Francisco-based company posted around $190 million in net revenue last year, said one of the people, who asked not to be identified because the talks are private. The talks are ongoing and funding terms might still change.Representatives for Allbirds and Franklin Templeton declined to comment.Read more: Allbirds is taking its viral fabric tennis shoes to ChinaAllbirds, which last year called out Amazon.com Inc. for allegedly copying its $95 sneakers made from fine merino wool, raised funds from investors including T. Rowe Price and Fidelity in 2018. Its best-known shoes made from wool fleece became a Silicon Valley staple after their 2016 launch.Read more: Allbirds wants your next sneaker to come from Eucalyptus treesThe company, which as a certified “B Corporation” adheres to strict standards for transparency and social accountability, in February appointed Old Navy president Nancy Green to its board. The brand has been seen on the feet of famous individuals from President Barack Obama to actor Sarah Jessica Parker.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

Why AMD Stock Surged Today
Wed, 12 Aug 2020 23:25:00 +0000
What happened Shares of Advanced Micro Devices (NASDAQ: AMD) jumped 7.5% on Wednesday, as a broad rise in tech stocks helped drive the Nasdaq Composite index sharply higher.   So what  AMD's gains come after bullish analyst remarks earlier this week.

The S&P 500 Tried — and Failed — to Close at a Record High Again. What Comes Next?
Wed, 12 Aug 2020 21:51:00 +0000
For a second day, the S&P 500 came close to a record high, but failed to seal the deal. The tech titans could determine whether that happens.

Related Posts

 

MarketTamer is not an investment advisor and is not registered with the U.S. Securities and Exchange Commission or the Financial Industry Regulatory Authority. Further, owners, employees, agents or representatives of MarketTamer are not acting as investment advisors and might not be registered with the U.S. Securities and Exchange Commission or the Financial Industry Regulatory.


This company makes no representations or warranties concerning the products, practices or procedures of any company or entity mentioned or recommended in this email, and makes no representations or warranties concerning said company or entity’s compliance with applicable laws and regulations, including, but not limited to, regulations promulgated by the SEC or the CFTC. The sender of this email may receive a portion of the proceeds from the sale of any products or services offered by a company or entity mentioned or recommended in this email. The recipient of this email assumes responsibility for conducting its own due diligence on the aforementioned company or entity and assumes full responsibility, and releases the sender from liability, for any purchase or order made from any company or entity mentioned or recommended in this email.


The content on any of MarketTamer websites, products or communication is for educational purposes only. Nothing in its products, services, or communications shall be construed as a solicitation and/or recommendation to buy or sell a security. Trading stocks, options and other securities involves risk. The risk of loss in trading securities can be substantial. The risk involved with trading stocks, options and other securities is not suitable for all investors. Prior to buying or selling an option, an investor must evaluate his/her own personal financial situation and consider all relevant risk factors. See: Characteristics and Risks of Standardized Options. The www.MarketTamer.com educational training program and software services are provided to improve financial understanding.


The information presented in this site is not intended to be used as the sole basis of any investment decisions, nor should it be construed as advice designed to meet the investment needs of any particular investor. Nothing in our research constitutes legal, accounting or tax advice or individually tailored investment advice. Our research is prepared for general circulation and has been prepared without regard to the individual financial circumstances and objectives of persons who receive or obtain access to it. Our research is based on sources that we believe to be reliable. However, we do not make any representation or warranty, expressed or implied, as to the accuracy of our research, the completeness, or correctness or make any guarantee or other promise as to any results that may be obtained from using our research. To the maximum extent permitted by law, neither we, any of our affiliates, nor any other person, shall have any liability whatsoever to any person for any loss or expense, whether direct, indirect, consequential, incidental or otherwise, arising from or relating in any way to any use of or reliance on our research or the information contained therein. Some discussions contain forward looking statements which are based on current expectations and differences can be expected. All of our research, including the estimates, opinions and information contained therein, reflects our judgment as of the publication or other dissemination date of the research and is subject to change without notice. Further, we expressly disclaim any responsibility to update such research. Investing involves substantial risk. Past performance is not a guarantee of future results, and a loss of original capital may occur. No one receiving or accessing our research should make any investment decision without first consulting his or her own personal financial advisor and conducting his or her own research and due diligence, including carefully reviewing any applicable prospectuses, press releases, reports and other public filings of the issuer of any securities being considered. None of the information presented should be construed as an offer to sell or buy any particular security. As always, use your best judgment when investing.