Amazon (AMZN) Offering Possible 33.33% Return Over the Next 29 Calendar Days

Amazon's most recent trend suggests a bullish bias. One trading opportunity on Amazon is a Bull Put Spread using a strike $520.00 short put and a strike $510.00 long put offers a potential 33.33% return on risk over the next 29 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $520.00 by expiration. The full premium credit of $2.50 would be kept by the premium seller. The risk of $7.50 would be incurred if the stock dropped below the $510.00 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 62.01 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

Apple will ask Supreme Court to hear its ebooks price-fixing case
Thu, 17 Sep 2015 10:12:43 GMT

H-P’s Job Cuts Reflect EDS Legacy
Thu, 17 Sep 2015 04:09:33 GMT

Google Glass Gets a New Name and Hires from Amazon
Wed, 16 Sep 2015 23:37:38 GMT
The Wall Street Journal – Google Inc.’s troubled Glass connected eyewear project is getting a new name, Project Aura, and new hires from Amazon.com Inc.

FitBit Soars on Target Deal, GrubHub Falls on Amazon Fears: Tech Winners and Losers
Wed, 16 Sep 2015 22:23:00 GMT

Amazon, Restoration Hardware Defy Aug. Web Doldrums
Wed, 16 Sep 2015 20:58:00 GMT

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