Someone who has a lot of money to spend has taken a bullish stance on this Amazon.Com amzn,
And retail traders should know.
We noticed this today when large positions appeared on the publicly available options history that we track here at Benzinga.
Whether it is some institution or just a wealthy person, we do not know. But when something this big happens to AMZN, it often means that someone knows something is about to happen.
So how do we know what this whale just did?
Today, benzingaThe options scanner spotted 83 unusual option trades for Amazon.com.
this is not normal.
The overall sentiment among these big money traders is split between 56% bullish and 43% bearish.
Of all the exclusive options we have open, 47 are puts, for a total amount of $9,496,202, and 36 are calls, for a total amount of $4,531,983.
What is a price target?
Considering the volume and open interest on these contracts, it appears that whales are targeting a price range of $65.0 to $142.5 for Amazon.com over the past 3 months.
Volume and Open Interest Development
In terms of liquidity and interest, the Average Open Interest for Amazon.com Options trades today stood at 11516.45 with a total volume of 248,254.00.
In the following chart, we are able to observe the development of call and put option volume and open interest for Amazon.com large money trades within the strike price range of $65.0 to $142.5 over the past 30 days.
Amazon.com Options Volume and Open Interest over the last 30 days
Largest options seen:
| Sign | put/call | business type | Rate | Exp. date | strike price | net trade value | open interest | Volume |
|---|---|---|---|---|---|---|---|---|
| amzn | Keep | Business | neutral | 01/19/24 | $92.00 | $6.2 million | 6.7 thousand | 6.7 thousand |
| amzn | call | Business | fast | 04/28/23 | $110.00 | $1.0M | 529 | 6.1K |
| amzn | Keep | sweep | recession | 01/19/24 | $92.00 | $280.5K | 6.7 thousand | 7.1K |
| amzn | Keep | sweep | fast | 05/19/23 | $115.00 | $173.5K | 275 | 150 |
| amzn | Keep | sweep | fast | 06/21/24 | $142.50 | $169.1K | 59 | 203 |
| Sign | put/call | business type | Rate | Exp. date | strike price | net trade value | open interest | Volume |
|---|---|---|---|---|---|---|---|---|
| amzn | Keep | Business | neutral | 01/19/24 | $92.00 | $6.2 million | 6.7 thousand | 6.7 thousand |
| amzn | call | Business | fast | 04/28/23 | $110.00 | $1.0M | 529 | 6.1K |
| amzn | Keep | sweep | recession | 01/19/24 | $92.00 | $280.5K | 6.7 thousand | 7.1K |
| amzn | Keep | sweep | fast | 05/19/23 | $115.00 | $173.5K | 275 | 150 |
| amzn | Keep | sweep | fast | 06/21/24 | $142.50 | $169.1K | 59 | 203 |
Where does Amazon.com stand now?
- With a volume of 57,067,059, AMZN price is down -1.14% at $98.89.
- The RSI indicator is indicating that the underlying stock may be overbought.
- The next earnings release is expected in 41 days.
What the experts say on Amazon.com:
- JP Morgan has decided to maintain its Overweight rating on Amazon.com, which currently sits at a price target of $135.
- JMP Securities downgraded the stock to Market Outperform with a $140 price target.
Options are a riskier asset than stock trading, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scalping in and out of trades, following more than one indicator, and following the markets closely.
If you want to stay updated on the latest options trades for Amazon.com, benzinga pro Provides you with real-time options trade alerts.