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 20 uncommon options trades for Amazon.com.
This isn't normal.
The overall sentiment of these big-money traders is split between 70% bullish and 30%, bearish.
Out of all of the special options we uncovered, 2 are puts, for a total amount of $63,905, and 18 are calls, for a total amount of $1,176,535.
Predicted Price Range
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $215.0 to $260.0 for Amazon.com over the last 3 months.
Insights into Volume & Open Interest
In today's trading context, the average open interest for options of Amazon.com stands at 12989.5, with a total volume reaching 34,259.00. 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 $215.0 to $260.0, throughout the last 30 days.
Amazon.com Option Volume And Open Interest Over Last 30 Days
Noteworthy Options Activity:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| AMZN | CALL | SWEEP | BULLISH | 12/20/24 | $3.4 | $3.3 | $3.37 | $230.00 | $282.4K | 24.3K | 5.0K |
| AMZN | CALL | SWEEP | BULLISH | 12/20/24 | $3.4 | $3.35 | $3.4 | $230.00 | $136.0K | 24.3K | 3.6K |
| AMZN | CALL | SWEEP | BULLISH | 02/21/25 | $4.1 | $4.0 | $4.1 | $260.00 | $111.8K | 3.5K | 282 |
| AMZN | CALL | SWEEP | BULLISH | 12/20/24 | $1.48 | $1.44 | $1.48 | $235.00 | $74.0K | 36.1K | 5.4K |
| AMZN | CALL | SWEEP | BULLISH | 12/20/24 | $2.47 | $2.45 | $2.47 | $232.50 | $70.0K | 7.2K | 3.5K |
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.
In light of the recent options history for Amazon.com, it's now appropriate to focus on the company itself. We aim to explore its current performance.
Current Position of Amazon.com
- Trading volume stands at 1,262,203, with AMZN's price up by 0.98%, positioned at $229.69.
- RSI indicators show the stock to be may be overbought.
- Earnings announcement expected in 45 days.
Expert Opinions on Amazon.com
In the last month, 5 experts released ratings on this stock with an average target price of $238.0.
Turn $1000 into $1270 in just 20 days?
20-year pro options trader reveals his one-line chart technique that shows when to buy and sell. Copy his trades, which have had averaged a 27% profit every 20 days. Click here for access. * Maintaining their stance, an analyst from Needham continues to hold a Buy rating for Amazon.com, targeting a price of $250. * An analyst from Baird persists with their Outperform rating on Amazon.com, maintaining a target price of $260. * Maintaining their stance, an analyst from MoffettNathanson continues to hold a Buy rating for Amazon.com, targeting a price of $248. * Consistent in their evaluation, an analyst from Redburn Atlantic keeps a Buy rating on Amazon.com with a target price of $235. * An analyst from Wells Fargo persists with their Equal-Weight rating on Amazon.com, maintaining a target price of $197.
Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for Amazon.com with Benzinga Pro for real-time alerts.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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