Amazon (AMZN) Offering Possible 43.88% Return Over the Next 30 Calendar Days

Amazon's most recent trend suggests a bullish bias. One trading opportunity on Amazon is a Bull Put Spread using a strike $1000.00 short put and a strike $990.00 long put offers a potential 43.88% return on risk over the next 30 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $1000.00 by expiration. The full premium credit of $3.05 would be kept by the premium seller. The risk of $6.95 would be incurred if the stock dropped below the $990.00 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 above 80 which suggests that the stock is in overbought territory.

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

In the future, drones will charge your electric car while you’re driving
Tue, 17 Oct 2017 09:53:29 +0000
As countries around the world are putting more electric vehicles on the road, they’re also struggling to power those engines. For now, countries are focusing on adding charging stations, but in the future there may be a more mobile option available to drivers: flying drones that come to you. In early October, the US Patent…

Retailer Casino cools talk of Amazon deal as it posts higher sales
Tue, 17 Oct 2017 08:59:42 +0000
By Pascale Denis PARIS (Reuters) – Supermarket retailer Casino (CASP.PA) cooled talk of a deal with Amazon (AMZN.O), as it posted higher third quarter sales that lifted its shares. Casino, whose credit …

JD.com Inc(ADR) (JD) Stock Is at Must-Buy Levels After Recent Pullback
Tue, 17 Oct 2017 08:00:11 +0000
Shares of JD.Com Inc(ADR) (NASDAQ:JD) are up big on the year, climbing 56% so far in 2017. But it hasn't been easy sledding this summer. After tagging a record $49 in early August, JD stock is now down about 17%. Time to wave the white flag or back up the truck?Source: Daniel Cukier via Flickr

Amazon leases the top six floors of downtown Seattle Macy's building
Tue, 17 Oct 2017 06:15:07 +0000
Amazon.com Inc. has leased the top six floors of the downtown Seattle Macy's building, the internet retailer said Monday. Starwood Capital Group owns the 475,000 square feet of office space above the Macy's flagship store at Third Avenue and Pine Street. Greenwich, Connecticut-based Starwood paid $65.6 million to Cincinnati-based Macy's for the top four floors of the block-sized building in 2015 and bought the other two floors this year .

[$$] New Jersey Offers $7 Billion in Incentives to Lure Amazon to Newark
Tue, 17 Oct 2017 04:28:40 +0000
New Jersey is making a high-dollar pitch for Newark to become Amazon.com Inc.’s second headquarters, offering up to $7 billion in state and city tax incentives.

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