Amazon.com Unusual Options Activity For May 23
Portfolio Pulse from Benzinga Insights
Unusual options activity has been detected for Amazon.com (NASDAQ:AMZN), with 110 strange trades spotted. 41% of investors opened trades with bullish expectations, while 58% were bearish. Whales have been targeting a price range of $65.0 to $140.0 for Amazon.com over the last 3 months.

May 23, 2023 | 8:16 pm
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Unusual options activity for Amazon.com (NASDAQ:AMZN) with 110 strange trades. 41% of investors opened trades with bullish expectations, while 58% were bearish. Whales have been targeting a price range of $65.0 to $140.0 for Amazon.com over the last 3 months.
The unusual options activity for Amazon.com indicates that there is a mix of bullish and bearish sentiment among investors. While 58% of the trades were bearish, 41% were bullish. This mixed sentiment suggests that the short-term impact on Amazon's stock price may be neutral. However, the fact that whales have been targeting a price range of $65.0 to $140.0 over the last 3 months indicates that there may be potential for price movement within this range. The importance of this news for investors is moderate, as it provides insight into the sentiment and potential price movement of Amazon's stock.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 100