Benzinga | Dec 20, 2021 10:02AM EST

Amazon.com Whale Trades For December 20

A whale with a lot of money to spend has taken a noticeably bearish stance on Amazon.com.

Looking at options history for Amazon.com (NASDAQ:AMZN) we detected 33 strange trades.

If we consider the specifics of each trade, it is accurate to state that 36% of the investors opened trades with bullish expectations and 63% with bearish.

From the overall spotted trades, 16 are puts, for a total amount of $884,321 and 17, calls, for a total amount of $617,738.

What's The Price Target?

Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $3100.0 to $4000.0 for Amazon.com over the last 3 months.

Volume & Open Interest Development

Looking at the volume and open interest is a powerful move while trading options. This data can help you track the liquidity and interest for Amazon.com's options for a given strike price. Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Amazon.com's whale trades within a strike price range from $3100.0 to $4000.0 in the last 30 days.

Amazon.com Option Volume And Open Interest Over Last 30 Days

Biggest Options Spotted:

Symbol PUT/ Trade Sentiment Exp. Strike Total Trade Open Volume CALL Type Date Price Price InterestAMZN PUT TRADE NEUTRAL 12/31/ $3450.00 $149.7K 471 15 21AMZN PUT TRADE NEUTRAL 12/31/ $3445.00 $145.9K 106 15 21AMZN PUT TRADE BULLISH 01/19/ $3100.00 $81.5K 89 6 24AMZN CALL SWEEP BEARISH 12/31/ $3200.00 $70.4K 119 15 21AMZN PUT SWEEP BULLISH 12/23/ $3350.00 $57.0K 750 154 21

Where Is Amazon.com Standing Right Now?

* With a volume of 373,382, the price of AMZN is down -1.76% at $3340.5.

* RSI indicators hint that the underlying stock may be approaching oversold.

* Next earnings are expected to be released in 43 days.

Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.

If you are already an options trader or would like to get started, head on over to Benzinga Pro. Benzinga Pro gives you up-to-date news and analytics to empower your investing and trading strategy.