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Mark R. Hake, CFA

Unusual Options Activity in Amazon Calls Shows Deep Faith In its Turnaround

A large unusual options position was taken yesterday in Amazon Inc (AMZN) calls that are deep in the money and expire 4 months out. This shows that the large investor has deep faith in Amazon's turnaround.

The Unusual Stock Options Report on May 23 showed that there were 1,668 call option contracts traded at $23.80 at the midpoint. This was for the $95.00 strike price call contracts that expire on Sept. 15, 2023.

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