Amazon (AMZN) Offering Possible 47.06% Return Over the Next 33 Calendar Days

Amazon’s most recent trend suggests a bullish bias. One trading opportunity on Amazon is a Bull Put Spread using a strike $1680.00 short put and a strike $1670.00 long put offers a potential 47.06% return on risk over the next 33 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $1680.00 by expiration. The full premium credit of $3.20 would be kept by the premium seller. The risk of $6.80 would be incurred if the stock dropped below the $1670.00 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 62.59 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

Better Dividend Buy: IBM vs. Coca-Cola
Thu, 14 Mar 2019 23:45:00 +0000
Which classic dividend stock is a better long-term investment?

10 of the Worst Stock Calls By the Pros
Thu, 14 Mar 2019 22:23:28 +0000
How many times have you seen articles discussing the best market calls of all time? Probably quite a few. They’re everywhere.But you don’t hear much about the worst market calls of all time. That’s because nobody likes to talk about their losers, especially not market professionals who are paid to be correct.That’s too bad, in a way. Because regular investors can learn a lot from a pro’s mistakes, not just the successes. (That idea applies to most things in life, not just investing, by the way.)For instance, Jesse Livermore shorted the entire stock market right before the 1929 crash, netting himself a cool $100 million for his troubles. That’s pretty interesting. But investing isn’t just about finding winners – it’s about figuring out how to avoid losers and minimize losses. We could’ve learned plenty had Livermore also discussed his worst trades and why these bets failed to deliver profits.Let’s look at 10 of the worst stock calls by the so-called “pros,” which include institutional investors, celebrity stock callers and even CEOs. Some of these are simply “wow” moments that we couldn’t repeat if we wanted to, but some of these provide very tangible lessons for investors. SEE ALSO: The 25 Best Blue-Chip Stocks to Buy Now (According to Hedge Funds)

Buy Roku on Streaming Growth with Its Stock Up 100% in 2019?
Thu, 14 Mar 2019 22:22:10 +0000
Shares of Roku (ROKU) have skyrocketed over 100% this year, despite Wednesday’s selloff, as the streaming TV firm races back toward its fall 2018 highs.

Amazon (AMZN) Dips More Than Broader Markets: What You Should Know
Thu, 14 Mar 2019 21:45:09 +0000
Amazon (AMZN) closed at $1,686.22 in the latest trading session, marking a -0.27% move from the prior day.

If you missed the run up in tech, these are the two names to play for a catch-up: Technician
Thu, 14 Mar 2019 21:44:05 +0000
Robert Sluymer, Fundstrat, looks at the best opportunities in tech. With CNBC’s Melissa Lee and the Fast Money traders, Pete Najarian, Tim Seymour, Dan Nathan and Guy Adami.

Be Sociable, Share!

Related Posts