Amazon AMZN Stock & Option Trade Ideas

Based on the technical data for AMZN:

• The MACD (Moving Average Convergence Divergence) crossed above the signal line, indicating a bullish signal.
• The RSI (Relative Strength Index) is currently at a neutral level, not indicating any extreme bullish or bearish conditions.
• The Bollinger Bands show the stock price nearing the upper band, suggesting a potentially overbought condition.

Overall, the technical indicators suggest a bullish outlook for AMZN in the coming days.

Suggested trading strategies for AMZN:

• Stock Trade: Consider buying AMZN stock with a target price above the upper Bollinger Band, but be cautious as the stock may be overbought.
• Call Option Trade: Buy a slightly out-of-the-money Call option on AMZN with a short to medium-term expiration date to capitalize on the potential bullish momentum.
• Bull Call Spread: For a lower-cost strategy, consider opening a Bull Call Spread by buying a Call option at a lower strike price and selling a Call option at a higher strike price.
• Protective Put: If you currently hold AMZN stock, consider purchasing Put options to protect your position in case of a possible downturn.