Amazon $190 Calls Attract $2 Million Block Trade
A block trade for $Amazon(AMZN.US$ call options that give the holder the right to buy 200,000 shares at $190 each by Aug. 16 was posted at 11:17:07 a.m. New York time Monday. The person or entity that wrote the call options stands to collect a premium of $2.07 million for the trade of contracts priced at $10.35 per share.
While $Amazon (AMZN.US)$ shares are now trading little changed ahead of tomorrow's earnings, we're seeing increased activity in its options market, with calls totalling more than 214,000, almost triple the puts that are now at 74,730 as of 11:43 a.m. in New York. Amazon now has the fifth highest options volume, behind $Tesla (TSLA.US)$, $NVIDIA (NVDA.US)$, $Apple (AAPL.US)$ and $SoFi Technologies (SOFI.US)$
Disclaimer: Options trading entails significant risk and is not appropriate for all customers. It is important that investors read Characteristics and Risks of Standardized Options before engaging in any options trading strategies. Options transactions are often complex and may involve the potential of losing the entire investment in a relatively short period of time. Certain complex options strategies carry additional risk, including the potential for losses that may exceed the original investment amount. Supporting documentation for any claims, if applicable, will be furnished upon request. Moomoo does not guarantee favorable investment outcomes. The past performance of a security or financial product does not guarantee future results or returns. Customers should consider their investment objectives and risks carefully before investing in options. Because of the importance of tax considerations to all options transactions, the customer considering options should consult their tax advisor as to how taxes affect the outcome of each options strategy.
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Former editor at Bloomberg, then Lazard Asset Management. Posts aren’t investment advice. Views are just mine.
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MAVA : In fact I had it down between 180-190 by Friday!!
VJong : Option not for me