Amazon Offering Possible 34.23% 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 $320.00 short put and a strike $310.00 long put offers a potential 34.23% 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 $320.00 by expiration. The full premium credit of $2.55 would be kept by the premium seller. The risk of $7.45 would be incurred if the stock dropped below the $310.00 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 57.58 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

Research and Markets: Amazon 2013: The future of Retailing Available Now for Analysis
Thu, 24 Oct 2013 12:09:00 GMT
Business Wire – Research and Markets has announced the addition of the “Amazon 2013: The future of retailing” report to their of

Weekly Jobless Claims; Ford and 3M Report; Amazon and Microsoft on Deck
Thu, 24 Oct 2013 11:44:49 GMT

Why I'm long eBay: Pro
Thu, 24 Oct 2013 11:33:00 GMT
CNBC – Martin Sass, CEO & Chairman of MD Sass, says every part of eBay's business is up and shows no signs of slowing down.

Research and Markets: Amazon 2013: Online Grocery New solutions on the horizon
Thu, 24 Oct 2013 11:30:00 GMT
Business Wire – Research and Markets has announced the addition of the “Amazon 2013: Online Grocery New solutions on the horizon” re

Q3 2013 Amazon.com Inc Earnings Release – After Market Close
Thu, 24 Oct 2013 11:07:16 GMT

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