Financial giants have made a conspicuous bearish move on Amazon.com. Our analysis of options history for Amazon.com AMZN revealed 9 unusual trades.
Delving into the details, we found 33% of traders were bullish, while 66% showed bearish tendencies. Out of all the trades we spotted, 3 were puts, with a value of $125,570, and 6 were calls, valued at $325,027.
What's The Price Target?
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $115.0 and $200.0 for Amazon.com, spanning the last three months.
Volume & Open Interest Development
Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for Amazon.com's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across Amazon.com's significant trades, within a strike price range of $115.0 to $200.0, over the past month.
Amazon.com Option Activity Analysis: Last 30 Days
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| AMZN | CALL | SWEEP | BEARISH | 11/15/24 | $200.00 | $74.2K | 413 | 73 |
| AMZN | CALL | SWEEP | BULLISH | 03/08/24 | $172.50 | $67.0K | 2.8K | 485 |
| AMZN | CALL | SWEEP | BEARISH | 05/17/24 | $185.00 | $65.8K | 10.6K | 322 |
| AMZN | PUT | SWEEP | BEARISH | 03/08/24 | $172.50 | $53.4K | 2.5K | 221 |
| AMZN | CALL | SWEEP | BEARISH | 03/08/24 | $170.00 | $45.0K | 3.1K | 0 |
About Amazon.com
Amazon is a leading online retailer and one of the highest-grossing e-commerce aggregators, with $386 billion in net sales and approximately $578 billion in estimated physical/digital online gross merchandise volume in 2021. Retail-related revenue represents approximately 80% of the total, followed by Amazon Web Services' cloud computing, storage, database, and other offerings (10%-15%), advertising services (5%), and other. International segments constitute 25%-30% of Amazon's non-AWS sales, led by Germany, the United Kingdom, and Japan.
Following our analysis of the options activities associated with Amazon.com, we pivot to a closer look at the company's own performance.
Present Market Standing of Amazon.com
- Trading volume stands at 4,711,950, with AMZN's price down by -0.74%, positioned at $172.26.
- RSI indicators show the stock to be may be approaching overbought.
- Earnings announcement expected in 57 days.
Expert Opinions on Amazon.com
A total of 5 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $217.0.
- Maintaining their stance, an analyst from JMP Securities continues to hold a Market Outperform rating for Amazon.com, targeting a price of $225.
- Maintaining their stance, an analyst from Susquehanna continues to hold a Positive rating for Amazon.com, targeting a price of $220.
- Maintaining their stance, an analyst from Wedbush continues to hold a Outperform rating for Amazon.com, targeting a price of $220.
- Maintaining their stance, an analyst from Barclays continues to hold a Overweight rating for Amazon.com, targeting a price of $220.
- Consistent in their evaluation, an analyst from Telsey Advisory Group keeps a Outperform rating on Amazon.com with a target price of $200.
Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling 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 gives you real-time options trades alerts.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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