Amazon (AMZN) Offering Possible 45.45% Return Over the Next 21 Calendar Days

Amazon's most recent trend suggests a bullish bias. One trading opportunity on Amazon is a Bull Put Spread using a strike $3620.00 short put and a strike $3600.00 long put offers a potential 45.45% return on risk over the next 21 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $3620.00 by expiration. The full premium credit of $6.25 would be kept by the premium seller. The risk of $13.75 would be incurred if the stock dropped below the $3600.00 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 37.91 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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Amazon Reports Earnings Thursday. They Should Be Really, Really Good.
Thu, 29 Jul 2021 10:45:00 +0000
The Street consensus calls for $115.4 billion in sales and $7.8 billion in operating income. There are several reasons why the estimates might be too low.

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Companies are working overtime to rebuild inventories, and this logistics-focused REIT has been a beneficiary.

Pet food shortages leave owners on the hunt for kibble and cat treats
Thu, 29 Jul 2021 10:05:41 +0000
Loki, an Alaskan malamute dog in Ontario, Canada, did not have his usual Royal Canin kibble in the food bowl. North American pet owners are struggling to track down certain foods from major retailers like Amazon.com, Target Corp and PetSmart as the sector grapples with increased demand and strains on the supply chain. Costs for pet food ingredients have climbed 8% to 20% since the pandemic began, according to U.S. industry group the Pet Food Institute, outpacing a 5.4% jump in consumer prices in the 12 months through June.

Looking For The Next Amazon? Take a Look at These 3 Stocks
Thu, 29 Jul 2021 10:04:00 +0000
Amazon brought e-commerce to the U.S. consumer, and its all-time returns exceeding 187,000% make it one of most successful stocks ever. Investors may struggle to find another Amazon, but these three international e-commerce stocks all offer potential upside worth considering. Sea Limited (NYSE: SE) is an internet company that operates in Southeast Asia.

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