Moderately bullish activity in Amazon (AMZN), with shares up $3.62, or 1.56%, near $235.96. Options volume roughly in line with average with 622k contracts traded and calls leading puts for a put/call ratio of 0.52, compared to a typical level near 0.48. Implied volatility (IV30) is higher by 0.7 points near 25.09,in the bottom quartile of the past year, suggesting an expected daily move of $3.73. Put-call skew flattened, suggesting a modestly bullish tone.
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:
- Amazon acquires stake in Colombian delivery company Rappi, Bloomberg says
- Alibaba (BABA) Bets Big on Humanoid Robots with $100M Investment
- AI Daily: Databricks tops $4B revenue run-rate, raises $1B at $100B valuation
- Charged: Tesla’s U.S. market share said to fall to lowest since 2017
- EchoStar sells spectrum licenses to SpaceX, StubHub to launch IPO: Morning Buzz