Get all your news in one place.
100’s of premium titles.
One app.
Start reading
Benzinga
Benzinga
Business
Benzinga Insights

Check Out What Whales Are Doing With AMZN

Someone with a lot of money to spend has taken a bearish stance on Amazon.com (NASDAQ: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 11 uncommon options trades for Amazon.com.

This isn't normal.

The overall sentiment of these big-money traders is split between 36% bullish and 63%, bearish.

Out of all of the special options we uncovered, 8 are puts, for a total amount of $710,506, and 3 are calls, for a total amount of $130,430.

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 $2500.0 to $3400.0 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 $2500.0 to $3400.0 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 PUT SWEEP BEARISH 01/28/22 $3000.00 $227.4K 1.2K 203
AMZN PUT SWEEP BULLISH 01/28/22 $2500.00 $145.2K 1.4K 299
AMZN PUT TRADE NEUTRAL 02/04/22 $2750.00 $100.5K 308 53
AMZN PUT TRADE NEUTRAL 01/28/22 $3000.00 $86.8K 1.2K 272
AMZN CALL TRADE NEUTRAL 01/19/24 $3400.00 $64.4K 418 28

Where Is Amazon.com Standing Right Now?

  • With a volume of 1,867,879, the price of AMZN is down -1.75% at $2803.02.
  • RSI indicators hint that the underlying stock may be oversold.
  • Next earnings are expected to be released in 10 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.

Sign up to read this article
Read news from 100’s of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.