Behind the Scenes of Amazon.com's Latest Options Trends
Portfolio Pulse from Benzinga Insights
Deep-pocketed investors are showing a bullish trend towards Amazon.com (NASDAQ:AMZN) through options trading, with a significant focus on a price range of $150 to $200. The options activity is unusual, with 53% bullish sentiment. Analysts have mixed ratings, with target prices ranging from $230 to $265.
October 09, 2024 | 2:02 pm
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Amazon.com is experiencing unusual options activity with a bullish sentiment from investors, focusing on a price range of $150 to $200. Analysts have mixed ratings, with target prices between $230 and $265.
The unusual options activity with a majority bullish sentiment suggests positive investor expectations. Analysts' target prices are higher than the current price, indicating potential upside. The focus on a specific price range in options trading further supports a bullish outlook.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100