Speaking to Benzinga, TD Ameritrade Chief Strategist JJ Kinahan said that Amazon.com, Inc. AMZN options are expecting a 7.5 percent move following earnings today. The stock is currently trading at $388.62, down marginally on the session.
Amazon volatility is in the 83rd percentile, Kinahan noted. That means that traders are anticipating a large price swing, relative to Amazon's average volatility. Last earnings report, on January 29, Amazon's price moved nearly 14 percent higher – from $311.78 to close the following day at $354.53.
Kinahan does note that there have not yet been huge amounts of options traded, potentially given Amazon's high price. Year to date, the stock gained 25 percent following a more than 22 percent decline in 2014.
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