Amazon.com's Options: A Look at What the Big Money is Thinking
Portfolio Pulse from Benzinga Insights
Financial analysis reveals a bearish sentiment among big money traders on Amazon.com (NASDAQ:AMZN), with 66% showing bearish tendencies in recent options trades. The price target for AMZN is set between $115.0 and $200.0. Trading volume and open interest analysis for AMZN's options indicate significant activity within this price range. Amazon's current market position shows a slight decrease in stock price, with an earnings announcement expected in 57 days. Professional analysts maintain a positive outlook, with an average price target of $217.0.
February 28, 2024 | 3:16 pm
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Bearish options trading sentiment among big money traders, with a significant focus on a price target between $115 and $200. Despite this, professional analysts maintain a positive outlook on AMZN, with an average price target of $217.
The bearish sentiment in options trading suggests short-term caution among investors, potentially impacting AMZN's stock price. However, the positive outlook from professional analysts, coupled with an upcoming earnings announcement, could counterbalance the bearish sentiment and stabilize the stock price in the short term.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100