Amazon (AMZN) Offering Possible 6.38% Return Over the Next 24 Calendar Days

Amazon's most recent trend suggests a bullish bias. One trading opportunity on Amazon is a Bull Put Spread using a strike $430.00 short put and a strike $420.00 long put offers a potential 6.38% return on risk over the next 24 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $430.00 by expiration. The full premium credit of $0.60 would be kept by the premium seller. The risk of $9.40 would be incurred if the stock dropped below the $420.00 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 54.49 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

Alibaba Sells 11 Main as Merchants Criticize Lackluster Sales
Tue, 23 Jun 2015 08:04:35 GMT

Amazon to pay e-book authors like Spotify pays artists
Tue, 23 Jun 2015 07:37:05 GMT

Sopra Steria announces a comprehensive Cloud services offer dedicated to Amazon Web Services
Tue, 23 Jun 2015 06:34:03 GMT
noodls – Paris, 23 June 2015 Sopra Steria, European leader in digital transformation, is developing a unique and innovative solution on the Cloud services market, based on Amazon Web Services (AWS). This Sopra …

Amazon to pay self-published authors based on pages read
Tue, 23 Jun 2015 03:01:32 GMT

Oracle extends cloud offerings, looks to compete with Amazon.com
Mon, 22 Jun 2015 22:39:52 GMT
Reuters – “We're prepared to compete with Amazon.com on price,” said Ellison in a webcast presentation on Monday, after announcing that Oracle would offer online storage and capability for customers to run their applications entirely in Oracle's cloud. The expansion is a major new step for Oracle, which is shifting its traditional database and customer relationship management businesses to the cloud. “This is a really big deal,” said Ellison, who stepped aside in 2014 as chief executive of the company.

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