Someone with a lot of money to spend (and possibly insider knowledge) has taken an unusually bearish stance on (Amazon.com: AMZN).
And retail traders should know.
Looking at options activity for Amazon.com AMZN we detected 10 unusual trades. If we consider the specifics of each trade, it is accurate to state that 20.0% of the investors opened trades with bullish expectations and 80.0% with bearish. From the overall spotted trades, 4 are puts, for a total amount of $1,198,362 and 6, calls, for a total amount of $3,380,248.
What's The Price Target?
Taking into account the Volume and Open Interest on these contracts, it appears that the smart money is targeting a price range from $3480.0 to $3550.0 for Amazon.com in the over the last 3 months.
Volume & Open Interest Development
Looking at the volume and open interest is a powerful move while trading options. This data can help you track the liquidity and interest for Amazon.com's options for a given strike price. Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Amazon.com's smart money trades within a strike price range from $3480.0 to $3550.0 in 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 | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| AMZN | CALL | TRADE | BEARISH | 10/15/21 | $3500.00 | $2.9 million | 11.3K | 575 |
| AMZN | CALL | SWEEP | BEARISH | 09/17/21 | $3500.00 | $94.6K | 8.7K | 7.8K |
| AMZN | CALL | SWEEP | BEARISH | 09/17/21 | $3500.00 | $195.9K | 8.7K | 1.5K |
| AMZN | CALL | TRADE | BEARISH | 09/17/21 | $3550.00 | $34.4K | 4.7K | 1.3K |
| AMZN | PUT | TRADE | NEUTRAL | 09/17/21 | $3500.00 | $371.8K | 3.8K | 515 |
Where Is Amazon.com Standing Right Now?
- With a volume of 706,691, the price of AMZN is up -0.04% over the last 24 hours at $3486.99.
- RSI indicators hint that the underlying stock may be overbought.
- Next earnings are expected to be released in 41 days.
What The Experts Say On Amazon.com:
- Goldman Sachs downgraded its action to Buy with a price target of $4250.0
- Evercore ISI Group has decided to maintain their Outperform rating on Amazon.com, which currently sits at a price target of $4700.0.
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 are already an options trader or would like to get started, head on over to Benzinga Pro. Benzinga Pro gives you up-to-date news and analytics to empower your investing and trading strategy.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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