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Amazon.com Whale Trades Spotted

A whale with a lot of money to spend has taken a noticeably bullish stance on Amazon.com.

Looking at options history for Amazon.com (NASDAQ:AMZN) we detected 13 strange trades.

If we consider the specifics of each trade, it is accurate to state that 61% of the investors opened trades with bullish expectations and 38% with bearish.

From the overall spotted trades, 7 are puts, for a total amount of $430,406 and 6, calls, for a total amount of $248,115.

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 $3160.0 to $5300.0 for Amazon.com over the last 3 months.

Volume & Open Interest Development

Looking at the volume and open interest is a powerful move while trading options. 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 trades within a strike price range from $3160.0 to $5300.0 in the last 30 days.

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

Options Call Chart

Biggest Options Spotted:

Symbol PUT/CALL Trade Type Sentiment Exp. Date Strike Price Total Trade Price Open Interest Volume
AMZN PUT TRADE NEUTRAL 07/15/22 $5300.00 $208.3K 26 2
AMZN CALL TRADE BULLISH 01/14/22 $3250.00 $57.5K 1.1K 2.2K
AMZN CALL TRADE BULLISH 01/14/22 $3220.00 $56.2K 423 393
AMZN PUT SWEEP BULLISH 01/14/22 $3200.00 $49.2K 2.1K 364
AMZN CALL SWEEP BULLISH 01/14/22 $3200.00 $45.1K 664 157

Where Is Amazon.com Standing Right Now?

  • With a volume of 553,689, the price of AMZN is down -0.04% at $3222.87.
  • RSI indicators hint that the underlying stock may be approaching oversold.
  • Next earnings are expected to be released in 18 days.

What The Experts Say On Amazon.com:

  • Morgan Stanley has decided to maintain their Overweight rating on Amazon.com, which currently sits at a price target of $4200.

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 are already an options trader or would like to get started, head on over to Benzinga Pro. Benzinga Pro gives you up-to-date news and analytics to empower your investing and trading strategy.

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