Check Out What Whales Are Doing With AMZN

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 10 strange trades.

If we consider the specifics of each trade, it is accurate to state that 30% of the investors opened trades with bullish expectations and 70% with bearish.

From the overall spotted trades, 3 are puts, for a total amount of $165,974 and 7, calls, for a total amount of $282,401.

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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 $120.0 to $140.0 for Amazon.com over the last 3 months.

Volume & Open Interest Development

In terms of liquidity and interest, the mean open interest for Amazon.com options trades today is 30698.75 with a total volume of 24,249.00.

In the following chart, we are able to follow the development of volume and open interest of call and put options for Amazon.com's big money trades within a strike price range of $120.0 to $140.0 over the last 30 days.

Amazon.com Option Volume And Open Interest Over Last 30 Days

Biggest Options Spotted:

Where Is Amazon.com Standing Right Now?

• With a volume of 7,783,138, the price of AMZN is down -1.86% at $123.64.
• RSI indicators hint that the underlying stock is currently neutral between overbought and oversold.
• Next earnings are expected to be released in 28 days.

What The Experts Say On Amazon.com:

• Mizuho downgraded its action to Buy with a price target of $180
• Telsey Advisory Group downgraded its action to Outperform with a price target of $160
• Telsey Advisory Group downgraded its action to Outperform with a price target of $160
• Argus Research downgraded its action to Buy with a price target of $165
• Morgan Stanley downgraded its action to Overweight with 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.