Amazon Sees Black Friday Options Spike (AMZN)

Posted in General, Options 
November 24th, 2010

Amazon.com Inc. (NASDAQ: AMZN) is up on its own today, but the stock is seeing very elevated trading activity in its weekly options which expire this Friday.  The trade is an obvious bet on strong Thanksgiving Day and Black Friday sales figures being sent through the Amazon.com sites.  An unofficial 4:00 PM EST close of $177.11 had the stock up $8.91 or 5.3%, but you need to see the bets on the weekly-expiration options as the true tell:

NOV25$    Volume    OpInt
170.00    4,179    3,680
175.00    11,777    2,126
180.00    13,788    1,555
185.00    2,239    759

What is odd is that there is the theory of a Cyber-Monday as workers go back to work and have higher speed internet access at their fingertips to conduct holiday shopping.  maybe we’ll see a repeat on options expirations on the week on Monday.

The December Call options were elevated in trading volume as well:
DEC11$    Volume    OpInt
160.00    1,471    3,031
165.00    1,843    4,347
170.00    8,657    10,501
175.00    7,881    6,154
180.00    5,336    3,139
185.00    2,317    2,563
190.00    2,291    1,628
195.00    1,297    1,247
200.00    1,744    2,020

JON C. OGG

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