20-Year Pro Trader Reveals His "MoneyLine"
Ditch your indicators and use the "MoneyLine". A simple line tells you when to buy and sell without the guesswork. It’s a line on a chart that’s helped Nic Chahine win 83% of his options buys. Here's how he does it.
A whale with a lot of money to spend (and possibly insider knowledge) has taken a noticeably bearish stance on Amazon.com.
Looking at options history for Amazon.com(NASDAQ:AMZN) we detected 71 strange trades.
If we consider the specifics of each trade, it is accurate to state that 26.76% of the investors opened trades with bullish expectations and 73.24% with bearish.
From the overall spotted trades, 32 are puts, for a total amount of $1,811,405 and 39, calls, for a total amount of $3,415,763.
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 $2400.0 to $4850.0 for Amazon.com over the last 3 months.
Volume & Open Interest Development
Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.
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 activity within a strike price range from $2400.0 to $4850.0 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 | BULLISH | 11/19/21 | $3100.00 | $323.7K | 228 | 104 |
| AMZN | CALL | SWEEP | BEARISH | 10/29/21 | $3320.00 | $189.1K | 155 | 548 |
| AMZN | CALL | TRADE | BULLISH | 10/29/21 | $3200.00 | $171.4K | 1.3K | 128 |
| AMZN | PUT | TRADE | NEUTRAL | 10/29/21 | $3300.00 | $164.7K | 1.8K | 1.3K |
| AMZN | PUT | TRADE | BULLISH | 10/29/21 | $4850.00 | $153.0K | 0 | 2 |
Where Is Amazon.com Standing Right Now?
- With a volume of 1,024,428, the price of AMZN is down -1.04% at $3300.78.
- RSI indicators hint that the underlying stock is currently neutral between overbought and oversold.
- Next earnings are expected to be released in 3 days.
What The Experts Say On Amazon.com:
- Cowen & Co. has decided to maintain their Outperform rating on Amazon.com, which currently sits at a price target of $4300.0.
- RBC Capital downgraded its action to Outperform with a price target of $4150.0
- Morgan Stanley has decided to maintain their Overweight rating on Amazon.com, which currently sits at a price target of $4100.0.
- Credit Suisse has decided to maintain their Outperform rating on Amazon.com, which currently sits at a price target of $4200.0.
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.
20-Year Pro Trader Reveals His "MoneyLine"
Ditch your indicators and use the "MoneyLine". A simple line tells you when to buy and sell without the guesswork. It’s a line on a chart that’s helped Nic Chahine win 83% of his options buys. Here's how he does it.
ENTER TO WIN $500 IN STOCK OR CRYPTO
Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!