A whale with a lot of money to spend has taken a noticeably bearish stance on Amazon.com.
Looking at options history for Amazon.com AMZN we detected 11 strange trades.
If we consider the specifics of each trade, it is accurate to state that 27% of the investors opened trades with bullish expectations and 72% with bearish.
From the overall spotted trades, 2 are puts, for a total amount of $89,480 and 9, calls, for a total amount of $1,270,568.
What's The Price Target?
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $126.0 to $147.5 for Amazon.com 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 whale trades within a strike price range from $126.0 to $147.5 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 | SWEEP | BULLISH | 01/19/24 | $135.00 | $427.2K | 30.6K | 2.2K |
| AMZN | CALL | SWEEP | NEUTRAL | 01/19/24 | $135.00 | $384.8K | 30.6K | 1.2K |
| AMZN | CALL | SWEEP | NEUTRAL | 01/19/24 | $135.00 | $132.0K | 30.6K | 3.1K |
| AMZN | CALL | SWEEP | BULLISH | 01/19/24 | $135.00 | $128.8K | 30.6K | 444 |
| AMZN | CALL | SWEEP | BULLISH | 11/03/23 | $126.00 | $70.0K | 1.9K | 117 |
Where Is Amazon.com Standing Right Now?
- With a volume of 10,441,464, the price of AMZN is up 0.08% at $132.81.
- RSI indicators hint that the underlying stock may be approaching overbought.
- Next earnings are expected to be released in 93 days.
What The Experts Say On Amazon.com:
- Rosenblatt has decided to maintain their Buy rating on Amazon.com, which currently sits at a price target of $185.
- JMP Securities downgraded its action to Market Outperform with a price target of $175
- Morgan Stanley downgraded its action to Overweight with a price target of $175
- Telsey Advisory Group downgraded its action to Outperform with a price target of $160
- Wedbush downgraded its action to Outperform with a price target of $180
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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