Amazon (AMZN) Offering Possible 36.36% Return Over the Next 11 Calendar Days

Amazon's most recent trend suggests a bullish bias. One trading opportunity on Amazon is a Bull Put Spread using a strike $885.00 short put and a strike $877.50 long put offers a potential 36.36% return on risk over the next 11 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $885.00 by expiration. The full premium credit of $2.00 would be kept by the premium seller. The risk of $5.50 would be incurred if the stock dropped below the $877.50 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 69.12 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

[$$] Amazon's Third-Party Sellers Hit By Hackers
Mon, 10 Apr 2017 09:57:08 +0000
In recent weeks, hackers have changed the bank-deposit information on Amazon.com accounts of active third-party sellers to steal tens of thousands of dollars from each, according to several sellers and …

Battle of Billionaires as Son Set to Clash With Bezos in India
Mon, 10 Apr 2017 08:03:21 +0000
SoftBank Group Corp.’s Masayoshi Son and Amazon.com Inc. founder Jeff Bezos are heading for a clash in India.

Dow, S&P 500 Futures Rise: This Retail Giant Is In Buy Range, Taking On Amazon
Mon, 10 Apr 2017 06:15:08 +0000
Futures for the Dow, S&P 500 and Nasdaq 100 edged higher Monday morning. Wal-Mart starts the week in buy range.

[$$] Tech’s High-Stakes Arms Race: Costly Data Centers
Mon, 10 Apr 2017 04:10:49 +0000
Just as oil and gas companies plow billions of dollars in searching for new energy reserves, big technology companies are spending lavishly on a global footprint of sophisticated computers to run every …

Trump's Leverage To Win China's Buy-In Is ‘Growth'
Mon, 10 Apr 2017 01:18:00 +0000
If the U.S. gets a pop in growth (and buy–in from China on economic initiatives), and that translates to a better economic climate for China, the world has a much better chance of getting geopolitical alignment from China.

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