Amazon.com Unusual Options Activity For June 02
Portfolio Pulse from Benzinga Insights
Unusual options activity has been observed for Amazon.com (NASDAQ:AMZN) with a bearish stance. Benzinga's options scanner spotted 39 uncommon options trades, with 48% bullish and 51% bearish sentiment. Whales have been targeting a price range of $112.5 to $180.0 for Amazon.com over the last 3 months.
June 02, 2023 | 2:32 pm
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Amazon.com (NASDAQ:AMZN) has seen unusual options activity with a bearish stance. 39 uncommon options trades have been spotted, with 48% bullish and 51% bearish sentiment.
The unusual options activity indicates that there is a significant bearish sentiment among big-money traders. This could potentially impact the stock price in the short term as these traders may have information that is not yet publicly available. The fact that 51% of the sentiment is bearish suggests that there is a higher likelihood of the stock price going down in the short term.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100