Amazon (AMZN) Offering Possible 63.93% Return Over the Next 29 Calendar Days

Amazon's most recent trend suggests a bullish bias. One trading opportunity on Amazon is a Bull Put Spread using a strike $960.00 short put and a strike $950.00 long put offers a potential 63.93% return on risk over the next 29 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $960.00 by expiration. The full premium credit of $3.90 would be kept by the premium seller. The risk of $6.10 would be incurred if the stock dropped below the $950.00 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 77.81 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

[$$] Amazon's Australian Expedition to Rattle Retailers
Wed, 17 May 2017 09:30:14 +0000
Amazon is preparing to bring its full retail offering to Australia, signaling a major competitive threat to the country’s retailers and an important new beachhead for its global distribution network.

Gun-Shy Hedge Funds Fled Amazon-Apple-Alphabet Block in Quarter
Wed, 17 May 2017 09:00:00 +0000
The rally in America’s biggest technology companies is making the smart money look dumb.

Target earnings: Prepare for ‘nothing but awful,’ analyst says
Wed, 17 May 2017 07:14:46 +0000
Target’s earnings are expected to be in line with other retailers that have so far reported earnings and sales misses for the quarter.

Wal-Mart earnings: Results expected to be steady in a sea of stumbling retailers
Wed, 17 May 2017 07:14:23 +0000
Wal-Mart Stores Inc. is expected to announce first quarter earnings on Thursday before the opening bell.

Australia's Wesfarmers pulls office unit's IPO amid Amazon jitters
Wed, 17 May 2017 04:53:21 +0000
Australia's Wesfarmers Ltd cancelled a potential $1.1 billion IPO of its office supplies unit, underscoring uncertainty in a retail sector hit by weak spending and the slated arrival of online shopping giant Amazon.com Inc. The scrapping of Officeworks' listing disrupts a plan by Wesfarmers, Australia's biggest company by sales, to carve off non-core assets and focus on its biggest revenue spinner, supermarket chain Coles, itself facing fresh competition from cut-price entrants like ALDI Inc.

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