Amazon.com Unusual Options Activity For August 10 - Amazon.com (NASDAQ:AMZN)

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A whale with a lot of money to spend has taken a noticeably bearish stance on Amazon.com. Looking at options history for Amazon.com AMZN we detected 133 strange trades. If we consider the specifics of each trade, it is accurate to state that 43% of the investors opened trades with bullish expectations and 56% with bearish. From the overall spotted trades, 45 are puts, for a total amount of $2,907,796 and 88, calls, for a total amount of $7,197,968. 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 $50.0 to $200.0 for Amazon.com over the last 3 months. Volume & Open Interest Development In terms of liquidity and interest, the mean open interest for Amazon.com options trades today is 7531.35 with a total volume of 784,047.00. In the following chart, we are able to follow the development of volume and open interest of call and put options for Amazon.com's big money trades within a strike price range of $50.0 to $200.0 over 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 BULLISH 08/11/23 $138.00 $342.4K 9.5K 19.0K AMZN CALL TRADE NEUTRAL 01/17/25 $60.00 $300.0K 1.6K 86 AMZN CALL TRADE BULLISH 01/17/25 $105.00 $235.5K 1.9K 90 AMZN CALL TRADE BULLISH 06/21/24 $100.00 $232.2K 16.5K 52 AMZN CALL SWEEP BULLISH 06/21/24 $122.50 $194.3K 1.6K 70 Where Is Amazon.com Standing Right Now? With a volume of 54,373,427, the price of AMZN is up 0.52% at $138.56. RSI indicators hint that the underlying stock may be approaching overbought. Next earnings are expected to be released in 77 days. What The Experts Say On Amazon.com: Rosenblatt upgraded its action to Buy with a price target of $184 Citigroup has decided to maintain their Buy rating on Amazon.com, which currently sits at a price target of $167. Needham has decided to maintain their Buy rating on Amazon.com, which currently sits at a price target of $160. Evercore ISI Group has decided to maintain their Outperform rating on Amazon.com, which currently sits at a price target of $190. Credit Suisse has decided to maintain their Outperform rating on Amazon.com, which currently sits at a price target of $176. 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 want to stay updated on the latest options trades for Amazon.com, Benzinga Pro gives you real-time options trades alerts.