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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 (NASDAQ:AMZN) we detected 263 strange trades.
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If we consider the specifics of each trade, it is accurate to state that 36% of the investors opened trades with bullish expectations and 63% with bearish.
From the overall spotted trades, 123 are puts, for a total amount of $8,885,542 and 140, calls, for a total amount of $10,951,513.
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 $1600.0 to $3550.0 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 $1600.0 to $3550.0 in the last 30 days.
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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 | PUT | TRADE | NEUTRAL | 05/20/22 | $2230.00 | $373.7K | 151 | 987 |
| AMZN | CALL | SWEEP | BULLISH | 05/20/22 | $2250.00 | $205.4K | 832 | 2.1K |
| AMZN | CALL | SWEEP | BULLISH | 08/19/22 | $2750.00 | $132.7K | 140 | 36 |
| AMZN | PUT | TRADE | NEUTRAL | 05/20/22 | $3195.00 | $95.0K | 5 | 138 |
| AMZN | PUT | TRADE | NEUTRAL | 05/20/22 | $3195.00 | $95.0K | 5 | 137 |
Where Is Amazon.com Standing Right Now?
- With a volume of 1,559,732, the price of AMZN is up 1.15% at $2241.69.
- RSI indicators hint that the underlying stock may be oversold.
- Next earnings are expected to be released in 72 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 $4400.
- Citigroup downgraded its action to Buy with a price target of $4100
- UBS has decided to maintain their Buy rating on Amazon.com, which currently sits at a price target of $4185.
- UBS has decided to maintain their Buy rating on Amazon.com, which currently sits at a price target of $4550.
- Deutsche Bank has decided to maintain their Buy rating on Amazon.com, which currently sits at a price target of $3500.
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 {d[company_name]}, Benzinga Progives you real-time options trades alerts.
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.