Amazon (AMZN) Offering Possible 23.46% Return Over the Next 30 Calendar Days

Amazon's most recent trend suggests a bullish bias. One trading opportunity on Amazon is a Bull Put Spread using a strike $1715.00 short put and a strike $1705.00 long put offers a potential 23.46% return on risk over the next 30 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $1715.00 by expiration. The full premium credit of $1.90 would be kept by the premium seller. The risk of $8.10 would be incurred if the stock dropped below the $1705.00 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

Tim Kaine: D.C. area's morning commute may be Achilles heel in Amazon HQ2 bid
Tue, 19 Jun 2018 04:23:35 +0000
While the senator spoke publicly of the importance of affordable and inclusive housing in the region, that's not what he thinks is its biggest barrier in battling for Amazon's HQ2 bid.

The Only Reason Jeff Bezos Would Let Amazon Split Its Stock
Tue, 19 Jun 2018 01:45:00 +0000
Find out what the pioneering CEO said about stock splits and what it means for the e-commerce giant.

Is Roku Ready to Enter the Smart-Speaker Market?
Tue, 19 Jun 2018 01:13:00 +0000
All signs point to the streaming-device maker having a focused presence.

Amazon wants 1 million-square-foot distribution center in Rensselaer County
Mon, 18 Jun 2018 23:57:02 +0000
In a sign of how e-commerce has upended traditional retail stores, the Schodack facility, known as a fulfillment center, is designed to handle heavy, bulky items — such as TVs, kayaks and canoes — that don't easily fit in boxes on conveyor belts.

Ordering tech company Olo's CEO talks new Amazon partners…
Mon, 18 Jun 2018 23:13:00 +0000
Jim Cramer hears from Olo CEO Noah Glass about his food delivery company's expansion and its recent partnership with Amazon Restaurants.

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