Amazon (AMZN) Offering Possible 66.67% 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 $800.00 short put and a strike $790.00 long put offers a potential 66.67% 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 $800.00 by expiration. The full premium credit of $4.00 would be kept by the premium seller. The risk of $6.00 would be incurred if the stock dropped below the $790.00 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 67.69 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 antitrust regulators welcome Amazon, Apple audiobook agreement
Thu, 19 Jan 2017 11:00:13 GMT

The 10 Cheapest Stocks in the Wide Moat Focus Index
Thu, 19 Jan 2017 11:00:00 GMT

EU antitrust regulators welcome Amazon, Apple audiobook agreement
Thu, 19 Jan 2017 10:49:55 GMT

EU antitrust regulators welcome Amazon, Apple audiobook agreement
Thu, 19 Jan 2017 10:46:16 GMT
Reuters – A decision by Amazon and Apple to scrap all exclusivity obligations in the supply and distribution of audiobooks will likely boost competition, EU antitrust regulators said on Thursday. The companies announced their decision on Jan. 5 after talks with the European Commission and the German Federal Cartel Office. Such curbs had prompted a complaint from the German Publishers and Booksellers Association to both regulators, triggering an investigation by the German enforcer in November 2015.

UPDATE 1-Mediaset sees pay-TV strategy boosting EBIT 17-fold in 5 years
Thu, 19 Jan 2017 10:02:04 GMT

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