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Smart Money Is Betting Big In AMZN Options

Benzinga ·  00:31

Deep-pocketed investors have adopted a bullish approach towards Amazon.com (NASDAQ:AMZN), and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in AMZN usually suggests something big is about to happen.

We gleaned this information from our observations today when Benzinga's options scanner highlighted 81 extraordinary options activities for Amazon.com. This level of activity is out of the ordinary.

The general mood among these heavyweight investors is divided, with 53% leaning bullish and 38% bearish...

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