What Are Whales Doing With Amazon.com

 

Someone with a lot of money to spend has taken a bearish stance on Amazon.com AMZN.

And retail traders should know.

We noticed this today when the big position showed up on publicly available options history that we track here at Benzinga.

Whether this is an institution or just a wealthy individual, we don't know. But when something this big happens with AMZN, it often means somebody knows something is about to happen.

So how do we know what this whale just did?

Today, Benzinga's options scanner spotted 10 uncommon options trades for Amazon.com.

This isn't normal.

The overall sentiment of these big-money traders is split between 40% bullish and 60%, bearish.

Out of all of the special options we uncovered, 3 are puts, for a total amount of $212,275, and 7 are calls, for a total amount of $286,300.

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 $134.0 to $200.0 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 $134.0 to $200.0 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 TRADE NEUTRAL 12/16/22 $200.00 $113.1K 2 20
AMZN CALL SWEEP BULLISH 09/16/22 $145.00 $81.0K 9.9K 595
AMZN PUT SWEEP BULLISH 09/16/22 $134.00 $51.2K 2.4K 287
AMZN PUT SWEEP BEARISH 08/12/22 $143.00 $47.9K 3.7K 4.5K
AMZN CALL SWEEP BEARISH 09/16/22 $135.00 $42.1K 15.9K 103

Where Is Amazon.com Standing Right Now?

  • With a volume of 5,690,294, the price of AMZN is up 0.35% at $143.19.
  • RSI indicators hint that the underlying stock may be overbought.
  • Next earnings are expected to be released in 77 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 $185.
  • Stifel has decided to maintain their Buy rating on Amazon.com, which currently sits at a price target of $200.
  • Citigroup has decided to maintain their Buy rating on Amazon.com, which currently sits at a price target of $180.
  • Barclays has decided to maintain their Overweight rating on Amazon.com, which currently sits at a price target of $200.
  • Piper Sandler has decided to maintain their Overweight rating on Amazon.com, which currently sits at a price target of $175.

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.

Posted In: BZI-UOAOptionsMarkets