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Barchart
Barchart
Mark R. Hake, CFA

Unusual Out-of-the-Money Put Option Volume in Amazon Shows Investors Bullish on AMZN

Amazon.com Inc. Amazon Inc Barchart

Today, Amazon Inc. (AMZN) put options at a $220 strike expiring in 45 days (Oct. 30) have had unusually heavy volume. That strike is 11.5% below today's trading price, and investors collect a 1.45% short-put yield, a bullish play.

AMZN is trading at $248.77 in midday trading on Tuesday, Sept. 15. That's well off its recent peak of $284.02 on Aug. 3, just after its July 30 Q2 earnings release.

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