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AMZN trade ideas

Collect Cash Waiting To Buy Amazon...Hey guys! Today, we're looking at a Trade Idea in Amazon, the giga-cap tech company and retail behemoth. Like most of our trade ideas, this post focuses on selling put options - this time, on NASDAQ:AMZN shares. In case you're unfamiliar with options -> when you sell a put option, one of two things happens. Either; A.) The stock price finishes above the strike price of the put when the put expires, in which case you make money. B.) The stock price finishes below the strike price of the put when the put expires, in which case you’re forced to buy the stock at the strike price. With the trades we publish, if the stock goes up, sideways, or down a bit, you'll make money. If the stock goes down a lot, then you'll be forced to buy shares. In other words - either make money, or buy the dip! The trick is finding the right stock at the right time. Right now, Amazon seems like a great candidate for this strategy. Selling the September 22nd, $131 strike put options yields more than 13.4% on an annualized basis, and the company is well positioned for a trade like this. The company recently reported results, and they were good, showing a continued rebound in FCF and top line growth: The company is still diluting shareholders at quite a rate, which isn't the best thing in the world, but it's alright considering the overall demand profile for the stock. Otherwise, the stock continues to be in a strong bull trend, which supports a bullish option play: On top of this, the company recently reported earnings and the stock jumped on the data, which could induce further PEAD, or Post-Earnings-Announcement-Drift: Given that this trade idea has a 77% chance of finishing profitably over the next 43 days, we think its a solid balance of risk and reward. Worst case? You're holding Amazon, one of the best companies in the world. Cheers! Looking for more high-probability trade ideas? Follow us below. ⬇️⬇️
NASDAQ:AMZNLong
by PropNotes
2
Amazon - Greed, Just Like Speed, KillsFirst, I understand that Amazon had an excellent earnings report, whether analyst estimates were gamed to the downside and it was easy to beat notwithstanding. What you have to be really careful of right now is the excess greed that abounds in the markets. Greed is the thing that kills accounts the fastest, and when you blow your account, there won't be any use for TradingView anymore, and nobody will be able to have fun until you can save up to reload. I am not saying any kind of bearish commentary on Amazon, although you should have reservations on this company because a lot of its business model is just to serve as an export faucet for stuff made in the Chinese Communist Party's land. And you have to be careful with anyone whose business is tightly knit to communist China, because the International Rules Based Order is chattering disaster about "de-risking" from China. Because the narrative about "Taiwan Invasion" really means that the CCP is close to falling and everyone is thinking about how to take control of that country. But to take control of China, you need someone Chinese, which means you need a handpicked appointment from the Republic of China who will serve the globalists. All this, and the 24th year of persecution against Falun Dafa by the CCP's Jiang Zemin faction just completed on July 20. In 1999, Jiang began a full genocide and organ harvesting campaign against 100 million spiritual believers, and it's persisted to this day despite Xi Jinping never participating. In fact, Xi's Anti-corruption Campaign has been hitting the corrupt officials involved in the persecution ever since he took power in 2012. Consider that the next time you see the media going off about what a Mao Zedong Xi Jinping is. Amazon's monthly provides some clarity. The most notable thing is that the 2021-2022 distribution bars during the rest of the market's bull run indicates a proper and clear topping pattern. And despite that, price never took out the most critical of lows, the COVID pivot at $81.30. Instead, it spared it by 13 cents. Because numerology. What it means is that long term, $80 becomes a target. What's notable about price action before today's earnings report pump is that Amazon maintained the July low, albeit barely. And this creates three weekly lows of equal "support." Which also becomes a target. Bear in mind, with Nonfarm Payrolls also being tomorrow morning, you may get yourself a trade setup that looks something like what happened to AMD on Wednesday: AMD - Greed Doth Bad Habits Breed When its ER came in hot in premarket and at open, and turned into a huge sell off and red day: So the point with this call is to say that the August '22 $146 pivot may really hold. And if it doesn't hold, it might just get raided. Which makes buying the top tomorrow morning something that isn't a particularly intelligent thing to do. Worse, it means that buying the dip may be trading in the wrong direction, while selling the dump's retrace might actually be an optimal short entry. Just keep in mind that we may have as much as another 2-3% of downside left in the SPX before we retrade towards/take out the tops: SPX - The Sound of a Shattering Iceberg If the markets really get blown to pieces heading into the end of Q3 in accordance with the JP Morgan collar, stuff like Amazon is going to head to a 5-handle by next year. SPX/ES - An Analysis Of The 'JPM Collar' You'll know the truth, in my opinion, when Amazon breaks the $125 flat bottoms, price won't come back, just like what happened with Netflix: Netflix - I Hope You Like Catching Knives What I really want to tell you all is that life still seems stable, it seems like all there is to worry about is making money and entertainment. But our world may very well change overnight, with no warning at all. And what we've all done while the cards were still face down will be what determines who wins the pot and who loses their stack.
NASDAQ:AMZN
by LordWrymouth
Amazon Potential H & S Amazon - NASDAQ:AMZN - Reaching into over bought levels - A pull back from current levels would not surprise - A pull back could form a head & shoulders pattern - A break out above OBV would be ideal, should this occur this week that will change the outlook. Rejection from over bought levels and the OBV resistance line (which has consistently rejected price since 2020) seems probable. On the flip side we have a bullish MACD cross on the monthly timeframe which could mean we just need a little more time to mount. All of the above leans me towards the H&S idea, short term pull back and continuation. If the H&S played out there would be a great opportunity to trade specific levels outlined with good actionable stop loss / low risk profile. At present there is a high risk of rejection. This is not guaranteed. Just more probable at present. I'll be observing for now....but I would love to get exposure but on my own terms with less risk. PUKA
NASDAQ:AMZN
by PukaCharts
Bleak prospects for Amazon shareholdersAmazon's strong quarterly figures were convincing, and the stock consequently shot up. But will the rise be sustainable? A look at one of the most important technical indicators gives little hope: The strong inverse bearish divergence in the CumulativeDelta suggests that Amazon stock will soon correct significantly. I am not giving a price target here, as the divergence is still building. However, it can be said that the short side is clearly to be preferred in Amazon as soon as a corresponding reversal formation appears.
NASDAQ:AMZNShort
by Ochlokrat
How To Add Indicators & Financials To Your ChartIn this Tradingview tutorial video, we take a look at how to add indicators & financials to your chart. We'll discuss how to access them, where you can go to learn more about the specific indicator/financial & what you can do in order to customize there appearance and/or location on your chart. If you have any questions please leave them below & I promise that I'll respond. See you guys next video! Akil
Editors' picks
NASDAQ:AMZNEducation
by Akil_Stokes
10
I want to buy either AMZN or a leveraged gold ETF like JNUGSo my question is which one is better right now? To anwer that question, I set up a daily chart of the ratio of the prices with a volume profile and anchored VWAP for context and analysis. I have found that the ratio had a pullback into the support of an anchored VWAP band below the higher and to the POC line where a bullish contnuation resumed. On the RSI both the low and high RS lines are in a healthy midrange. HA Candlesticks are fairly wide-ranged and rising from a base at the POC line. My conclusion is easy, buy AMZN now. If or when rather AMZN cools off, incrementally sell out of it perhaps to add to the leveraged gold ETF. I am a long term gold bug but need to trade in the moment, and AMZN right now has far more glitter.
NASDAQ:AMZNLong
by AwesomeAvani
1
Volatile SetupAMZN is completing a B-wave and can still extend to 144-148. However, it has a strong pull down to the 126-135 range and will likely get hit to that zone and show some choppiness next week trying to breakdown the 125 level. Above 125 is bullish territory if it can find support there, but under 125 is very bearish and will signal beginning of C wave. I posted an idea a few weeks back with post earnings expectation of AMZN hitting 135-140 (linked post). The main point I wanted to get across in that post is that the end game here is a nasty C wave that will eventually take it down to 60. Ouch. Updated targets given its earnings reaction: - down from here (sell zone) to 127-131, then chop before breaking down 125 - Initial target 115 by mid September (could happen earlier if 125 breaks in coming week or 2) - 2024 target is 60 where it will bottom.. needs to breakdown 109, 101, 94 and 80 as potential support levels on the way down
NASDAQ:AMZNShort
by JerryManders
AMZN: Bearish Bat: Anticpating Potential PPO ConfirmationAmazon has gapped up to complete an 88.6% retrace thus completing the BAMM. Now we can see that the PPO is trading outside the upper bounds, and once the PPO comes back down below the upper bounds, it will confirm a Bearish PPO signal at the PCZ of this Bearish Bat, therefore confirming the Bearish Entry. I think it will target $81 from there on, but it could go lower if it ends up being a continuation of a much more bearish ABCD Pattern from years ago. I think this rally was stirred on by the positive earnings release, but failed to realize how unprepared the guidance was during the actual call, as they hardly provided any guidance for Q3 all they could provide was their hopes but not much beyond that.
NASDAQ:AMZNShort
by RizeSenpai
$AMZN - MA rendevous!NASDAQ:AMZN - To me ERs are gamble that I seldom take. Having said that this chart caught my attention and I see that all MA's have come together like a family reunion of some sort. Can they help to catapult NASDAQ:AMZN to next levels? If ER reaction is positive coming Thursday, then there is a fair chance for price to gap up the marked level. If not then... Note - ER price movements can get wild, the chart shared and information are just my opinion.
NASDAQ:AMZN
by OI_Organic_Intel
After the Report, AMZN Shares Soar Almost 9%Strong gains in Amazon's stock supported E-mini S&P 500 futures, which were hit by Fitch's US downgrade and Apple's disappointing report. → Amazon revenue for the quarter: USD 134.4 billion, +11% year-on-year; → profit: USD 6.8 billion for the quarter (-USD 2 billion last quarter); → the company continued to reduce the cost of maintaining supply chains; → growth of Amazon Web Services has stabilized as customers move from cost optimization to deployment of new workloads; → forecasts of sales growth encouraged investors. The AMZN stock chart shows that a successful report pushed the price to a year high, trading in the morning may start around USD 129 per share. Thus: → a wide gap is formed on the chart, which can serve as support; → the price may rise from the lower border of the channel to the upper, where it may meet resistance; → RSI may bounce off the 50 line; → the market may be supported by the area around USD 133.5 per share, where the median line of the channel and the maximum from July 31 pass. Despite the sharp rise, AMZN's share price is still far from meeting the average target values, which, according to Tipranks, are in the region of USD 157. This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
NASDAQ:AMZN
by FXOpen