Benzinga | Dec 28, 2021 01:31PM EST

What Are Whales Doing With Amazon.com

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 326 strange 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 60% with bearish.

From the overall spotted trades, 55 are puts, for a total amount of $5,641,458 and 271, calls, for a total amount of $17,384,325.

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 $2500.0 to $4800.0 for Amazon.com over the last 3 months.

Volume & Open Interest Development

Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.

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 activity within a strike price range from $2500.0 to $4800.0 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/ $4450.00 $517.6K 11 61 21AMZN CALL SWEEP BEARISH 01/21/ $3420.00 $394.8K 240 122 22AMZN PUT SWEEP BULLISH 12/31/ $3400.00 $235.7K 1.6K 4.3K 21AMZN PUT SWEEP BULLISH 01/21/ $3100.00 $196.7K 4.1K 630 22AMZN CALL TRADE BEARISH 01/21/ $3380.00 $108.6K 156 29 22

Where Is Amazon.com Standing Right Now?

* With a volume of 1,804,060, the price of AMZN is up 0.6% at $3413.64.

* RSI indicators hint that the underlying stock is currently neutral between overbought and oversold.

* Next earnings are expected to be released in 35 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.