Amazon (AMZN) Offering Possible 28.21% Return Over the Next 6 Calendar Days

Amazon's most recent trend suggests a bullish bias. One trading opportunity on Amazon is a Bull Put Spread using a strike $1900.00 short put and a strike $1895.00 long put offers a potential 28.21% return on risk over the next 6 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $1900.00 by expiration. The full premium credit of $1.10 would be kept by the premium seller. The risk of $3.90 would be incurred if the stock dropped below the $1895.00 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 at 72.69 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

TV petrolhead James May on the slow joys of woodworking
Fri, 10 Jan 2020 10:39:52 +0000
Both men come from middle-class entrepreneurial families and mostly grew up in northern England. Both started as journalists and spun motoring columns into big-money TV careers. “I think we probably do look very similar, if you condense it into a bullet-point CV, but I disagree with Jeremy about everything,” he says.

Further reading
Fri, 10 Jan 2020 06:44:12 +0000
Elsewhere on Friday:  — Why stereotypes abound in Brussels . (The Economist, limited number of free clicks per month) — The secret bank behind the fintech boom.    — The mother of Georgian cheese.  …

Jobs Report, Wall Street Records, Boeing, Grubhub and Amazon – 5 Things You Must Know Friday
Fri, 10 Jan 2020 05:43:00 +0000
Stock futures rise, indicating Wall Street would open with fresh records on Friday as traders await the U.S. jobs report; Boeing employees knew of problems with flight simulators on 737 MAX, documents show; Grubhub says it's not for sale.

The three biggest takeaways from CES 2020
Fri, 10 Jan 2020 05:00:28 +0000
Since Amazon and Google battled to plant their voice-activated assistants in as many gadgets as possible, the software and services of some of the biggest tech companies have become important animating forces in consumer tech. Amazon, meanwhile, is taking the strategy it developed for Alexa and using it to advance its smart-TV ambitions.

Child sex scandal sparks soul-searching in France
Fri, 10 Jan 2020 05:00:28 +0000
Gabriel Matzneff, the once-acclaimed French author, is distinguished by his taste for a taboo that today draws almost universal revulsion. For years he wrote with seeming impunity about his sexual relations with adolescents and children, his revelations proving no obstacle to the receipt of accolades and state funding. In Le Consentement — or Consent — Vanessa Springora recounts her alleged experiences in the 1980s, when, she says — at the age of 14 — she was the then 50-year-old Mr Matzneff’s lover.

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