Moderately bullish activity in Amazon (AMZN), with shares up 62c, or 0.28%, near $220.01. Options volume roughly in line with average with 91k contracts traded and calls leading puts for a put/call ratio of 0.23, compared to a typical level near 0.49. Implied volatility (IV30) is higher by 1.3 points near 34.66,and above the 52wk median, suggesting an expected daily move of $4.80. Put-call skew flattened, suggesting a modestly bullish tone, following an upgrade to Outperform at BNP Paribas Exane.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on AMZN:
- Apple (AAPL) Could be ‘Convicted’in Brazil Over Competition Charges
- Amazon.com price target raised to $235 from $230 at Bernstein
- Amazon Stock (AMZN) Jumps as Robots Match Warehouse Workers
- Amazon’s Strategic Prime Day Extension and AI Integration Drive Buy Rating
- Amazon on cusp of using more robots than humans in warehouses, WSJ says