This Is What Whales Are Betting On Amazon.com

This Is What Whales Are Betting On Amazon.com

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 33 strange trades.

If we consider the specifics of each trade, it is accurate to state that 12% of the investors opened trades with bullish expectations and 87% with bearish.

From the overall spotted trades, 18 are puts, for a total amount of $950,868 and 15, calls, for a total amount of $1,605,719.

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 $60.0 to $160.0 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 $60.0 to $160.0 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 NEUTRAL 01/17/25 $70.00 $377.6K 472 1.5K
AMZN CALL SWEEP BEARISH 01/17/25 $80.00 $318.9K 1.9K 463
AMZN CALL SWEEP BEARISH 01/20/23 $100.00 $115.9K 27.5K 742
AMZN PUT TRADE NEUTRAL 01/17/25 $160.00 $104.2K 547 237
AMZN CALL TRADE NEUTRAL 01/17/25 $70.00 $88.8K 472 2.3K

Symbol PUT/CALL Trade Type Sentiment Exp. Date Strike Price Total Trade Price Open Interest Volume
AMZN CALL SWEEP NEUTRAL 01/17/25 $70.00 $377.6K 472 1.5K
AMZN CALL SWEEP BEARISH 01/17/25 $80.00 $318.9K 1.9K 463
AMZN CALL SWEEP BEARISH 01/20/23 $100.00 $115.9K 27.5K 742
AMZN PUT TRADE NEUTRAL 01/17/25 $160.00 $104.2K 547 237
AMZN CALL TRADE NEUTRAL 01/17/25 $70.00 $88.8K 472 2.3K

Where Is Amazon.com Standing Right Now?

  • With a volume of 7,978,855, the price of AMZN is down -0.56% at $90.47.
  • RSI indicators hint that the underlying stock is currently neutral between overbought and oversold.
  • Next earnings are expected to be released in 87 days.

What The Experts Say On Amazon.com:

  • Needham has decided to maintain their Buy rating on Amazon.com, which currently sits at a price target of $120.
  • JP Morgan has decided to maintain their Overweight rating on Amazon.com, which currently sits at a price target of $145.
  • Wedbush has decided to maintain their Outperform rating on Amazon.com, which currently sits at a price target of $140.
  • Truist Securities has decided to maintain their Buy rating on Amazon.com, which currently sits at a price target of $160.
  • Oppenheimer has decided to maintain their Outperform rating on Amazon.com, which currently sits at a price target of $130.

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