Check Out What Whales Are Doing With Amazon.com

Check Out What Whales Are 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 59 uncommon options trades for Amazon.com.

This isn't normal.

The overall sentiment of these big-money traders is split between 38% bullish and 61%, bearish.

Out of all of the special options we uncovered, 15 are puts, for a total amount of $845,560, and 44 are calls, for a total amount of $2,319,426.

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 $56.0 to $250.0 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 $56.0 to $250.0 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 SWEEP BULLISH 08/19/22 $145.00 $336.5K 27.0K 37.3K
AMZN CALL TRADE BEARISH 09/15/23 $56.00 $182.7K 936 88
AMZN PUT SWEEP BEARISH 09/16/22 $137.50 $144.5K 8.7K 645
AMZN PUT SWEEP BULLISH 12/16/22 $140.00 $99.5K 1.3K 331
AMZN PUT SWEEP BULLISH 12/16/22 $140.00 $99.0K 1.3K 208

Where Is Amazon.com Standing Right Now?

  • With a volume of 25,963,786, the price of AMZN is up 0.81% at $144.34.
  • RSI indicators hint that the underlying stock may be overbought.
  • Next earnings are expected to be released in 72 days.

What The Experts Say On Amazon.com:

  • Piper Sandler has decided to maintain their Overweight rating on Amazon.com, which currently sits at a price target of $175.
  • Barclays has decided to maintain their Overweight rating on Amazon.com, which currently sits at a price target of $200.
  • Jefferies has decided to maintain their Buy rating on Amazon.com, which currently sits at a price target of $150.
  • Stifel has decided to maintain their Buy rating on Amazon.com, which currently sits at a price target of $200.
  • Cowen & Co. has decided to maintain their Outperform rating on Amazon.com, which currently sits at a price target of $215.

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