Amazon (AMZN) Offering Possible 20.48% Return Over the Next 15 Calendar Days

Amazon's most recent trend suggests a bearish bias. One trading opportunity on Amazon is a Bear Call Spread using a strike $957.50 short call and a strike $962.50 long call offers a potential 20.48% return on risk over the next 15 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $957.50 by expiration. The full premium credit of $0.85 would be kept by the premium seller. The risk of $4.15 would be incurred if the stock rose above the $962.50 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 38.87 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 Looks to Whole Foods to Boost Online Grocery Shopping
Wed, 30 Aug 2017 09:39:49 +0000
Its acquisition of the grocery chain is providing a new impetus for online grocery shopping, which has been slow to catch on for various reasons.

[$$] Best Buy to Increase Spending in E-Commerce Battle
Wed, 30 Aug 2017 05:42:04 +0000
Best Buy reported another quarter of rising sales but said it would increase spending on its e-commerce operations and supply chain to continue growing its business in a competitive marketplace.

[$$] ‘Amazon Effect’ Sparks Deals for Software-Tracking Firms
Wed, 30 Aug 2017 05:39:18 +0000
A growing number of companies are paying to track in real time everything from truckloads of pork chops to shipping containers full of exercise equipment.

$4.6 billion fund quadruples the S&P 500’s returns, powered by Amazon
Wed, 30 Aug 2017 04:01:36 +0000
Paul D. Greene has a 10.2% Amazon stake in his T. Rowe Price Media and Telecommunications Fund, writes Phil van Doorn.

Best Buy Has a Glaring Millennial Problem, Unlike Amazon
Wed, 30 Aug 2017 01:10:00 +0000
BBY shares are down despite posting its strongest quarter since 2009

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