Amazon (AMZN) Offering Possible 29.87% Return Over the Next 7 Calendar Days

Amazon's most recent trend suggests a bullish bias. One trading opportunity on Amazon is a Bull Put Spread using a strike $1792.50 short put and a strike $1787.50 long put offers a potential 29.87% return on risk over the next 7 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $1792.50 by expiration. The full premium credit of $1.15 would be kept by the premium seller. The risk of $3.85 would be incurred if the stock dropped below the $1787.50 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 at 52 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

‘Old tech’ shows it still has bite for investors
Thu, 07 Nov 2019 04:00:28 +0000
from the US Department of Defense, a huge win for a company that many had written off in the competition against Amazon. Although there may have been other factors in Microsoft’s victory — President Donald Trump reportedly lobbied against Amazon due to its founder Jeff Bezos’s ownership of the Washington Post — it symbolised a revival of fortunes for some of tech’s old guard, which has been mirrored on the stock market. The post-crisis bull market has been dominated by technology stocks, and especially fast-growing, glamorous names like Facebook, Amazon, Netflix and Google.

Amazon Spending to Take Seattle Council Not Working So Far
Thu, 07 Nov 2019 01:20:48 +0000
(Bloomberg) — Amazon.com Inc.’s attempt to overhaul the Seattle City Council through political donations may have fallen short, initial election returns suggest.While only some ballots have been counted, early results from Tuesday’s election indicate that Amazon-backed candidates won’t win a majority of the nine seat council. Only four of Amazon’s choices were ahead in the early count and one of those by a slim margin.Amazon, the biggest employer in Seattle, contributed $1.45 million to a business-backed political-action committee to help elect council members the company viewed as more favorable to its interests and those of the business community.The group, called the Civic Alliance for a Sound Economy, backed six new candidates for seven open council seats. Three of them trail, according to the early results. It also backed one incumbent, who leads her race. Two positions weren’t up for election this year.But the retail giant may still attain its biggest local election prize — the defeat of local socialist and chief Amazon antagonist Kshama Sawant, who trails rival Egan Orion, a candidate who garnered personal donations from at least 18 Amazon executives.Yet even that victory is far from assured as Sawant made a late come back in a previous election six years ago. Washington State votes by mail-in ballot so close races can often take days to count.Amazon said Wednesday it was pleased with the outcome so far.“We’re looking forward to working with the new city council, which we believe will be considerably more open to constructive dialogue and making the decisions that need to be made in order for Seattle to be world-class city to live and do business,” Amazon spokesman Drew Herdener said in a statement.The election and a bitter primary this August have divided Seattle, a city facing rapid expansion in the technology sector along with crippling traffic and worries about high housing costs and persistent homelessness.The spending on the local races reflect a potential pushback from business as progressive politicians gain prominence nationally. It also framed the election as a test of whether money from deep-pocketed companies would be effective on a public wary of corporate influence in politics.U.S. Senators Bernie Sanders and Elizabeth Warren criticized Amazon’s spending on the Seattle races as they vie for the Democratic presidential nomination.Seattle’s business revolt ignited last year as the city considered a tax on large employers to fund homeless services. After the measure passed in May 2018, Amazon helped lead a resistance that ultimately ended in the measure’s repeal a month later. Since then, the company has made several announcements about its intentions to expand in Bellevue, just east of Seattle.(Updates with comment from Amazon in the seventh paragraph.)To contact the reporter on this story: Dina Bass in Seattle at dbass2@bloomberg.netTo contact the editors responsible for this story: Jillian Ward at jward56@bloomberg.net, Andrew Pollack, Alistair BarrFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

Apple Stock Is Hitting Record Highs; But Is It A Good Buy? Here's What Earnings, Chart Say
Thu, 07 Nov 2019 01:17:30 +0000
Apple stock has a $1 trillion market cap and an all-time high, though growth has slowed. Thinking about buying AAPL stock? This is what Apple earnings and stock chart show.

China’s Baidu Is Recovering Better Than Expected, and the Stock is Rising
Wed, 06 Nov 2019 23:15:00 +0000
Although results were still weaker compared with the year-ago period, both earnings and revenue bounced back from the historically low levels seen earlier this year. Baidu stock fell sharply earlier this year as the company suffered from soft demand and fierce competition in China’s online advertising industry. The company posted its first net loss since going public in 2005 during the first three months of 2019, although earnings later bounced back to the positive territory in the June quarter.

Amazon’s big spending on Seattle City Council races appears to backfire
Wed, 06 Nov 2019 22:30:00 +0000
Though many votes remain to be counted, early returns suggest the online retail giant and other business interests will have fewer obvious allies on the council than at any time in recent memory.

Related Posts

 

MarketTamer is not an investment advisor and is not registered with the U.S. Securities and Exchange Commission or the Financial Industry Regulatory Authority. Further, owners, employees, agents or representatives of MarketTamer are not acting as investment advisors and might not be registered with the U.S. Securities and Exchange Commission or the Financial Industry Regulatory.


This company makes no representations or warranties concerning the products, practices or procedures of any company or entity mentioned or recommended in this email, and makes no representations or warranties concerning said company or entity’s compliance with applicable laws and regulations, including, but not limited to, regulations promulgated by the SEC or the CFTC. The sender of this email may receive a portion of the proceeds from the sale of any products or services offered by a company or entity mentioned or recommended in this email. The recipient of this email assumes responsibility for conducting its own due diligence on the aforementioned company or entity and assumes full responsibility, and releases the sender from liability, for any purchase or order made from any company or entity mentioned or recommended in this email.


The content on any of MarketTamer websites, products or communication is for educational purposes only. Nothing in its products, services, or communications shall be construed as a solicitation and/or recommendation to buy or sell a security. Trading stocks, options and other securities involves risk. The risk of loss in trading securities can be substantial. The risk involved with trading stocks, options and other securities is not suitable for all investors. Prior to buying or selling an option, an investor must evaluate his/her own personal financial situation and consider all relevant risk factors. See: Characteristics and Risks of Standardized Options. The www.MarketTamer.com educational training program and software services are provided to improve financial understanding.


The information presented in this site is not intended to be used as the sole basis of any investment decisions, nor should it be construed as advice designed to meet the investment needs of any particular investor. Nothing in our research constitutes legal, accounting or tax advice or individually tailored investment advice. Our research is prepared for general circulation and has been prepared without regard to the individual financial circumstances and objectives of persons who receive or obtain access to it. Our research is based on sources that we believe to be reliable. However, we do not make any representation or warranty, expressed or implied, as to the accuracy of our research, the completeness, or correctness or make any guarantee or other promise as to any results that may be obtained from using our research. To the maximum extent permitted by law, neither we, any of our affiliates, nor any other person, shall have any liability whatsoever to any person for any loss or expense, whether direct, indirect, consequential, incidental or otherwise, arising from or relating in any way to any use of or reliance on our research or the information contained therein. Some discussions contain forward looking statements which are based on current expectations and differences can be expected. All of our research, including the estimates, opinions and information contained therein, reflects our judgment as of the publication or other dissemination date of the research and is subject to change without notice. Further, we expressly disclaim any responsibility to update such research. Investing involves substantial risk. Past performance is not a guarantee of future results, and a loss of original capital may occur. No one receiving or accessing our research should make any investment decision without first consulting his or her own personal financial advisor and conducting his or her own research and due diligence, including carefully reviewing any applicable prospectuses, press releases, reports and other public filings of the issuer of any securities being considered. None of the information presented should be construed as an offer to sell or buy any particular security. As always, use your best judgment when investing.