{"id":66877,"date":"2026-05-05T02:00:33","date_gmt":"2026-05-05T07:00:33","guid":{"rendered":"https:\/\/www.tradestation.com\/insights\/?p=66877"},"modified":"2026-05-05T07:36:26","modified_gmt":"2026-05-05T12:36:26","slug":"amazon-options-new-highs","status":"publish","type":"post","link":"https:\/\/www.tradestation.com\/insights\/2026\/05\/05\/amazon-options-new-highs\/","title":{"rendered":"Are Amazon.com Bulls Targeting New Highs?"},"content":{"rendered":"<p>Amazon.com is fighting to new highs, and one big options trader may expect a bigger move.<\/p>\n<p>This large transaction was detected yesterday in the e-commerce and cloud-computing giant:<\/p>\n<ul>\n<li>35,000 August 320 calls were purchased for $6.96.<\/li>\n<li>35,000 August 370 calls were sold for $1.66.<\/li>\n<li>Volume was more than 10 times open interest in each contract, which suggests new money was put to to work.<\/li>\n<\/ul>\n<p><a href=\"https:\/\/www.tradestation.com\/insights\/2025\/09\/21\/the-basics-of-options-2\/\">Calls<\/a> fix the price where a security can be purchased. Traders can buy them to position for upside or sell them to generate a credit. Yesterday&#8217;s transaction combined the two in a <a href=\"https:\/\/www.tradestation.com\/insights\/2025\/09\/21\/bullish-bearish-vertical-spreads\/\">vertical spread<\/a>, which can leverage a defined move.<\/p>\n<p>The position cost $5.30 and will expand to $50 if AMZN closes at $370 or higher on expiration. The stock closed at $272.05 yesterday, so that would translate into a gain of 843 percent from the shares climbing 36 percent. The spread will expire worthless if it stays under $320.<\/p>\n<p>The potentially bullish trade appeared after growth at the AWS cloud-computing unit rose more than expected to a multiyear high. Earnings, revenue and guidance were all above Wall Street estimates. CEO Andy Jassy also reported strong demand for AMZN&#8217;s custom Trainium chips.<\/p>\n<p>That helped push the stock above its previous high from November, which could make some chart watchers think it&#8217;s broken out.<\/p>\n<p>Overall option volume in the company was slightly above average, according to TradeStation data. Calls outnumbered puts by 3-to-1.<\/p>\n<div id=\"attachment_66882\" style=\"width: 1930px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-66882\" class=\"size-full wp-image-66882\" src=\"https:\/\/cdn.tradestation.com\/uploads\/sites\/2\/AMZN_20260504.jpg\" alt=\"\" width=\"1920\" height=\"918\" srcset=\"https:\/\/cdn.tradestation.com\/uploads\/sites\/2\/AMZN_20260504.jpg 1920w, https:\/\/cdn.tradestation.com\/uploads\/sites\/2\/AMZN_20260504-300x143.jpg 300w, https:\/\/cdn.tradestation.com\/uploads\/sites\/2\/AMZN_20260504-1024x490.jpg 1024w, https:\/\/cdn.tradestation.com\/uploads\/sites\/2\/AMZN_20260504-768x367.jpg 768w, https:\/\/cdn.tradestation.com\/uploads\/sites\/2\/AMZN_20260504-1536x734.jpg 1536w, https:\/\/cdn.tradestation.com\/uploads\/sites\/2\/AMZN_20260504-1080x516.jpg 1080w\" sizes=\"(max-width: 1920px) 100vw, 1920px\" \/><p id=\"caption-attachment-66882\" class=\"wp-caption-text\"><em>Amazon.com (AMZN), daily chart, with select patterns and indicators.<\/em><\/p><\/div>\n<div>\n<hr class=\"wp-block-separator has-alpha-channel-opacity\" \/>\n<\/div>\n<p><em>Options trading is not suitable for all investors. Your TradeStation Securities\u2019 account application to trade options will be considered and approved or disapproved based on all relevant factors, including your trading experience. See\u00a0<a href=\"https:\/\/www.theocc.com\/Company-Information\/Documents-and-Archives\/Options-Disclosure-Document\">www.TradeStation.com\/DisclosureOptions<\/a>. Visit\u00a0<a href=\"http:\/\/www.tradestation.com\/Pricing\">www.TradeStation.com\/Pricing<\/a> for full details on the costs and fees associated with options.<\/em><\/p>\n<p><em>Margin trading involves risks, and it is important that you fully understand those risks before trading on margin. The Margin Disclosure Statement outlines many of those risks, including that you can lose more funds than you deposit in your margin account; your brokerage firm can force the sale of securities in your account; your brokerage firm can sell your securities without contacting you; and you are not entitled to an extension of time on a margin call. Review the\u00a0Margin Disclosure Statement at\u00a0<a href=\"https:\/\/cdn.tradestation.com\/uploads\/margin-disclosure-statement.pdf\">www.TradeStation.com\/DisclosureMargin<\/a><\/em>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Amazon.com is fighting to new highs, and one big options trader seems to expect a bigger move.<\/p>\n","protected":false},"author":39,"featured_media":66880,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","inline_featured_image":false,"footnotes":""},"categories":[14,30],"tags":[116],"class_list":["post-66877","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-options","category-technology","tag-amzn","et-has-post-format-content","et_post_format-et-post-format-standard"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.3 - 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Drawing on more than two decades of experience as a financial journalist and analyst, his background includes equities, emerging markets, fixed-income and derivatives. He previously worked at Bloomberg News, CNBC and E*TRADE Financial. Russell systematically reviews countless global financial headlines and indicators in search of broad tradable trends that present opportunities repeatedly over time. Customers can expect him to keep them apprised of sector leadership, relative strength and the big stories \u2013 especially those overlooked by other commentators. 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