Whales with a lot of money to spend have taken a noticeably bullish stance on Amazon.com ( AMZN ).

Looking at options history for Amazon.com ( AMZN ) we detected 134 trades.

If we consider the specifics of each trade, it is accurate to state that 39% of the investors opened trades with bullish expectations and 38% with bearish.

From the overall spotted trades, 30 are puts, for a total amount of $4,273,037 and 104, calls, for a total amount of $8,789,538.

Expected Price Movements

After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $50.0 and $360.0 for Amazon.com ( AMZN ), spanning the last three months.

Volume & Open Interest Trends

In today's trading context, the average open interest for options of Amazon.com ( AMZN ) stands at 7832.86, with a total volume reaching 296,823.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in Amazon.com ( AMZN ), situated within the strike price corridor from $50.0 to $360.0, throughout the last 30 days.

Amazon.com 30-Day Option Volume & Interest Snapshot

Largest Options Trades Observed:

About Amazon.com

Amazon ( AMZN ) is the leading online retailer and marketplace for third party sellers. Retail related revenue represents approximately 75% of total, followed by Amazon Web Services' cloud computing, storage, database, and other offerings (15%), advertising services (5% to 10%), and other the remainder. International segments constitute 25% to 30% of Amazon's ( AMZN ) non-AWS sales, led by Germany, the United Kingdom, and Japan.

In light of the recent options history for Amazon.com ( AMZN ), it's now appropriate to focus on the company itself. We aim to explore its current performance.

Current Position of Amazon.com

Currently trading with a volume of 24,356,984, the AMZN's price is down by -0.06%, now at $216.85.

RSI readings suggest the stock is currently may be approaching overbought.

Anticipated earnings release is in 51 days.

Expert Opinions on Amazon.com

Over the past month, 2 industry analysts have shared their insights on this stock, proposing an average target price of $244.0.

Unusual Options Activity Detected: Smart Money on the Move

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* An analyst from JP Morgan persists with their Overweight rating on Amazon.com ( AMZN ), maintaining a target price of $240.

* Maintaining their stance, an analyst from B of A Securities continues to hold a Buy rating for Amazon.com ( AMZN ), targeting a price of $248.

Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Amazon.com ( AMZN ) options trades with real-time alerts from Benzinga Pro.