Option traders moderately bearish in Amazon (AMZN), with shares down $1.12 near $214.97. Options volume roughly in line with average with 439k contracts traded and calls leading puts for a put/call ratio of 0.58, compared to a typical level near 0.52. Implied volatility (IV30) is higher by 1.1 points near 27.89,and below the 52wk median, suggesting an expected daily move of $3.78. Put-call skew steepened, indicating increased demand for downside protection.
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:
- AI Daily: OpenAI awarded $200M U.S. defense contract
- Anysphere introduces $200 per month Cursor AI subscription tier
- Amazon CEO sees Generative AI use to reduce total corporate workforce
- Morning News Wrap-Up: Tuesday’s Biggest Stock Market Stories
- Omnicom partnering with Amazon, Meta, Digiday reports