Amazon (AMZN) Offering Possible 47.06% Return Over the Next 15 Calendar Days

Amazon's most recent trend suggests a bullish bias. One trading opportunity on Amazon is a Bull Put Spread using a strike $937.50 short put and a strike $932.50 long put offers a potential 47.06% return on risk over the next 15 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $937.50 by expiration. The full premium credit of $1.60 would be kept by the premium seller. The risk of $3.40 would be incurred if the stock dropped below the $932.50 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 72.73 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

EU accepts Amazon's e-book commitments
Thu, 04 May 2017 10:01:06 +0000
BRUSSELS (AP) — The European Union's competition watchdog says it accepts commitments made by online giant Amazon to change part of its e-book contracts to avoid fines for anti-competitive behavior.

EU accepts Amazon e-book commitments to settle antitrust case
Thu, 04 May 2017 09:57:02 +0000
The European Commission said on Thursday it had accepted commitments by U.S. online retailer Amazon to alter its e-book contracts with publishers to end an EU antitrust investigation. Amazon, the biggest e-book distributor in Europe, proposed to drop some clauses in its contracts so publishers would not be forced to give it terms as good as those for rivals. “Today's decision will open the way for publishers and competitors to develop innovative services for e-books, increasing choice and competition to the benefit of European consumers,” EU competition chief Margrethe Vestager said in a statement.

Amazon to open 60,000 square foot hub in the UK to research A.I., drone deliveries
Thu, 04 May 2017 09:31:00 +0000
Amazon said employees at the U.K. hub will focus on artificial intelligence and drone delivery research.

Amazon's Alexa Adds More Integrations
Thu, 04 May 2017 08:53:00 +0000
The company expects its smart assistant to become a significant business in the future.

Can Wal-Mart’s Expensive New E-Commerce Operation Compete With Amazon?
Thu, 04 May 2017 08:00:07 +0000
A recent acquisition spree including Jet.com gives the retail giant much-needed digital chops.

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