Amazon (AMZN) Offering Possible 21.95% Return Over the Next 20 Calendar Days

Amazon's most recent trend suggests a bullish bias. One trading opportunity on Amazon is a Bull Put Spread using a strike $1042.50 short put and a strike $1037.50 long put offers a potential 21.95% return on risk over the next 20 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $1042.50 by expiration. The full premium credit of $0.90 would be kept by the premium seller. The risk of $4.10 would be incurred if the stock dropped below the $1037.50 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 above 80 which suggests that the stock is in overbought territory.

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

These Are Our 3 Biggest Stories on Amazon's Bizarre Earnings Whiff
Fri, 28 Jul 2017 09:59:00 +0000
Amazon lays an egg.

Amazon's Shock Earnings Show That It's Cashing In on Wall Street's Goodwill
Fri, 28 Jul 2017 09:20:00 +0000
The e-commerce giant is once more investing aggressively, and betting investors will trust it to spend wisely.

European stocks sell off as UBS falls, tech worries weigh
Fri, 28 Jul 2017 09:04:29 +0000
European stocks was swept lower Friday, with Swiss bank UBS Group AG among decliners in the wake of its financial update, and the selloff was pushing the market toward a weekly loss

U.S. tech stocks shape up for another day of selling after Amazon disappoints
Fri, 28 Jul 2017 09:00:09 +0000
U.S. stocks were poised to open lower on Friday, with tech stocks expected to lead with losses after Amazon massively disappointed with an earnings plunge.

Amazon made its first foray into a key region yesterday — the service now appears unusable
Fri, 28 Jul 2017 08:55:45 +0000
The super-fast Prime Now delivery service in Singapore appears to be unavailable, with no word from Amazon yet on when it will resume.

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