Looking At Amazon.com's Recent Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A whale investor has taken a bullish stance on Amazon.com (NASDAQ:AMZN) with 54% of the 93 detected unusual options trades being bullish and 45% bearish. The total trade amounts are $3,980,566 for puts and $4,954,187 for calls. Whales have been targeting a price range of $70 to $170 for Amazon.com over the last 3 months.
June 20, 2023 | 7:02 pm
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POSITIVE IMPACT
A whale investor has taken a bullish stance on Amazon.com (NASDAQ:AMZN) with 54% of the 93 detected unusual options trades being bullish and 45% bearish. The total trade amounts are $3,980,566 for puts and $4,954,187 for calls.
The whale investor's bullish stance on Amazon.com indicates a positive sentiment towards the stock. With a majority of the unusual options trades being bullish, this could potentially drive the stock price higher in the short term. Additionally, the targeted price range of $70 to $170 suggests that there is room for growth in the stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100