Amazon Speculators Move to Options (AMZN)

Posted in Options 
November 29th, 2010

It looks as though equity traders in high-priced shares are becoming speculative options traders.  Look no further than Amazon.com Inc. (NASDAQ: AMZN) today.  At Noon EST the stock itself is up almost 0.6% at $178.23 and we have already hit 5.7 million shares.

Here is the volume in DEC-2010 CALLS as of NOON EST, with the first of each of the same strike price being the weekly expiration contracts:
CALL$    Volume    OpInt
170.00    1,782    7,228
175.00    949    2,054
175.00    2,323    6,376
180.00    4,294    2,458
180.00    5,111    5,919
185.00    2,770    1,447
185.00    3,686    3,485
190.00    1,511    1,411
190.00    1,512    2,395
195.00    582    601
195.00    999    1,899
200.00    505    106
200.00    2,182    5,320

Shares hit a new high of $181.84 this morning.  The 52-week trading range is now $105.80 to $181.84 and the average daily volume is 6.32 million shares.

JON C. OGG

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