Mixed options sentiment in Amazon (AMZN), with shares up 26c, or 0.12%, near $222.68. Options volume roughly in line with average with 333k contracts traded and calls leading puts for a put/call ratio of 0.38, compared to a typical level near 0.39. Implied volatility (IV30) dropped 0.21 near 36.72,and above the 52wk median, suggesting an expected daily move of $5.15. Put-call skew steepened, indicating increased demand for downside protection.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% 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:
- Why Cathie Wood and Other Fund Managers Eye More Upside in Alibaba Stock (BABA)
- Street Fight: Analysts split on Instacart amid rising competitive pressures
- Apple downgraded, Alibaba upgraded: Wall Street’s top analyst calls
- DoorDash price target lowered to $301 from $306 at Wells Fargo
- Why Amazon (AMZN) May Lose Its Cloud Computing Crown