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Barchart
Mark R. Hake, CFA

Amazon's Operating Cash Flow Could Push AMZN Over $314 - What's the Best AMZN Play?

Amazon, Inc. (AMZN) strong revenue and operating cash flow forecasts could push AMZN above $314, up 22%. Two plays are to short out-of-the-money (OTM) puts or, for investors with limited capital, a vertical bull put credit spread. This article will describe AMZN's valuation and these two plays.

AMZN closed at $256.78 on Friday, Sept. 11, but it's been essentially trading flat since right after its earnings release on July 30. For example, on July 31, AMZN closed at $271.58, 5.8% above today's price.

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