Amazon (AMZN) Offering Possible 19.05% Return Over the Next 22 Calendar Days

Amazon's most recent trend suggests a bullish bias. One trading opportunity on Amazon is a Bull Put Spread using a strike $1762.50 short put and a strike $1757.50 long put offers a potential 19.05% return on risk over the next 22 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $1762.50 by expiration. The full premium credit of $0.80 would be kept by the premium seller. The risk of $4.20 would be incurred if the stock dropped below the $1757.50 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 61.72 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

For These Retailers, ‘Death by Amazon’ Was a False Alarm
Wed, 23 Oct 2019 09:00:00 +0000
Some retailers—including Walmart and Ross Stores—viewed as vulnerable to Amazon have been winners over the past year, handily outperforming Amazon stock.

Amazon Adds Thousands of New Locations for Free Package Pickup Across the U.S.
Wed, 23 Oct 2019 07:01:00 +0000
Amazon (AMZN) today announced the expansion of Counter, a network of staffed pickup points that gives customers the option to pick up their Amazon packages in-store at a partner location. With this expansion, customers now have access to thousands more Amazon Hub Counter locations with Amazon’s new store partners GNC, Health Mart and Stage Stores.

AWS Spin-Off: Should Bezos Split Amazon in Two?
Tue, 22 Oct 2019 23:06:53 +0000
Amazon Web Services has been the crown jewel for Amazon. The company's cloud computing segment has grown faster than its flagship e-commerce portal.

Esper recuses himself from decision on JEDI cloud contract because of son’s employer
Tue, 22 Oct 2019 22:31:00 +0000
Defense Secretary Mark Esper has removed himself from decision-making on a cloud computing contract potentially worth $10 billion, citing his son’s employment with one of the original contract bidders.

Stocks plunged a year ago — here’s what’s different about the current environment
Tue, 22 Oct 2019 22:01:00 +0000
At the end of 2018 the stock market fell about 20%. • The chart shows when the stock market fell about 20%. • The chart shows that since the 20% drop in the stock market, the market has recovered all of the drop and more.

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