Investors with a lot of money to spend have taken a bullish stance on Amazon.com AMZN.
And retail traders should know.
We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.
Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with AMZN, it often means somebody knows something is about to happen.
So how do we know what these investors just did?
Today, Benzinga's options scanner spotted 9 uncommon options trades for Amazon.com.
This isn't normal.
The overall sentiment of these big-money traders is split between 55% bullish and 22%, bearish.
Out of all of the special options we uncovered, 3 are puts, for a total amount of $87,400, and 6 are calls, for a total amount of $281,340.
Projected Price Targets
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $195.0 to $230.0 for Amazon.com during the past quarter.
Insights into Volume & Open Interest
In today's trading context, the average open interest for options of Amazon.com stands at 11360.71, with a total volume reaching 9,526.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in Amazon.com, situated within the strike price corridor from $195.0 to $230.0, throughout the last 30 days.
Amazon.com Option Volume And Open Interest Over Last 30 Days
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| AMZN | CALL | TRADE | NEUTRAL | 01/15/27 | $52.55 | $48.6 | $50.8 | $230.00 | $101.6K | 935 | 20 |
| AMZN | CALL | SWEEP | BULLISH | 12/20/24 | $13.0 | $12.9 | $13.0 | $215.00 | $48.1K | 27.5K | 48 |
| AMZN | CALL | SWEEP | BULLISH | 12/20/24 | $5.1 | $5.05 | $5.1 | $225.00 | $42.8K | 15.6K | 129 |
| AMZN | CALL | SWEEP | BEARISH | 12/13/24 | $1.6 | $1.59 | $1.59 | $230.00 | $31.8K | 21.3K | 2.8K |
| AMZN | PUT | TRADE | BEARISH | 12/13/24 | $2.13 | $2.08 | $2.12 | $225.00 | $31.8K | 9.0K | 3.1K |
About Amazon.com
Amazon is the leading online retailer and marketplace for third party sellers. Retail related revenue represents approximately 75% of total, followed by Amazon Web Services' cloud computing, storage, database, and other offerings (15%), advertising services (5% to 10%), and other the remainder. International segments constitute 25% to 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.
Amazon.com's Current Market Status
- With a trading volume of 1,192,827, the price of AMZN is down by -0.03%, reaching $226.03.
- Current RSI values indicate that the stock is may be approaching overbought.
- Next earnings report is scheduled for 51 days from now.
What The Experts Say On Amazon.com
In the last month, 5 experts released ratings on this stock with an average target price of $248.8.
Unusual Options Activity Detected: Smart Money on the Move
Benzinga Edge's Unusual Options board spots potential market movers before they happen. See what positions big money is taking on your favorite stocks. Click here for access. * Maintaining their stance, an analyst from MoffettNathanson continues to hold a Buy rating for Amazon.com, targeting a price of $248. * Maintaining their stance, an analyst from Mizuho continues to hold a Outperform rating for Amazon.com, targeting a price of $260. * An analyst from Roth MKM persists with their Buy rating on Amazon.com, maintaining a target price of $250. * In a cautious move, an analyst from BMO Capital downgraded its rating to Outperform, setting a price target of $236. * Reflecting concerns, an analyst from Needham lowers its rating to Buy with a new price target of $250.
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.
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