Amazon (AMZN) Offering Possible 38.89% Return Over the Next 8 Calendar Days

Amazon's most recent trend suggests a bullish bias. One trading opportunity on Amazon is a Bull Put Spread using a strike $722.50 short put and a strike $717.50 long put offers a potential 38.89% return on risk over the next 8 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $722.50 by expiration. The full premium credit of $1.40 would be kept by the premium seller. The risk of $3.60 would be incurred if the stock dropped below the $717.50 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 72.55 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

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Thu, 09 Jun 2016 09:13:10 GMT

Online Giant Amazon Launches Fresh Food Offer
Thu, 09 Jun 2016 07:05:07 GMT

Zalando trials same-day free deliveries from Adidas store
Thu, 09 Jun 2016 07:01:54 GMT

Amazon to Open Office in Minneapolis and Create 100 Full-Time, Technology-Focused Jobs
Thu, 09 Jun 2016 04:19:01 GMT
noodls – SEATTLE–(BUSINESS WIRE)–Jun. 9, 2016– Amazon (NASDAQ: AMZN) today announced plans for a new technology development center in downtown Minneapolis that will create 100 full-time, technology-focused jobs. …

Amazon launches AmazonFresh food service in parts of London
Thu, 09 Jun 2016 04:16:28 GMT

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