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 46 strange trades.
If we consider the specifics of each trade, it is accurate to state that 23% of the investors opened trades with bullish expectations and 76% with bearish.
From the overall spotted trades, 35 are puts, for a total amount of $7,432,729 and 11, calls, for a total amount of $1,160,496.
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 $1900.0 to $3900.0 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 $1900.0 to $3900.0 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 | PUT | SWEEP | BEARISH | 05/20/22 | $3200.00 | $1.7M | 1.6K | 0 |
| AMZN | PUT | SWEEP | NEUTRAL | 05/20/22 | $3170.00 | $1.7M | 201 | 1 |
| AMZN | PUT | SWEEP | NEUTRAL | 06/17/22 | $3900.00 | $896.1K | 38 | 60 |
| AMZN | PUT | SWEEP | NEUTRAL | 06/17/22 | $2900.00 | $604.7K | 2.8K | 120 |
| AMZN | PUT | TRADE | NEUTRAL | 05/20/22 | $3000.00 | $388.3K | 1.2K | 0 |
Where Is Amazon.com Standing Right Now?
- With a volume of 589,065, the price of AMZN is down -3.48% at $2431.01.
- RSI indicators hint that the underlying stock may be oversold.
- Next earnings are expected to be released in 84 days.
What The Experts Say On Amazon.com:
- Stifel has decided to maintain their Buy rating on Amazon.com, which currently sits at a price target of $3800.
- Baird has decided to maintain their Outperform rating on Amazon.com, which currently sits at a price target of $3750.
- JMP Securities has decided to maintain their Market Outperform rating on Amazon.com, which currently sits at a price target of $3600.
- Morgan Stanley has decided to maintain their Overweight rating on Amazon.com, which currently sits at a price target of $3800.
- Telsey Advisory Group has decided to maintain their Outperform rating on Amazon.com, which currently sits at a price target of $3400.
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.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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