Check Out What Whales Are Doing With AMZN
Portfolio Pulse from Benzinga Insights
A large bullish position on Amazon.com (NASDAQ:AMZN) has been spotted, with 38 uncommon options trades identified by Benzinga's options scanner. The overall sentiment is split between 50% bullish and 50% bearish, with whales targeting a price range of $90 to $170 for Amazon.com over the last 3 months.
May 19, 2023 | 4:16 pm
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A large bullish position has been spotted on Amazon.com (NASDAQ:AMZN), with 38 uncommon options trades identified. Whales are targeting a price range of $90 to $170 for Amazon.com over the last 3 months.
The large bullish position on Amazon.com indicates that a significant investor or institution believes the stock price will rise in the short term. This could lead to increased buying pressure and a higher stock price. Additionally, the overall sentiment being split between bullish and bearish indicates that there is still some uncertainty in the market, which could lead to increased volatility and potential short-term price movements.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100