Optimism Runs High Amid New Amazon.com, Inc. (AMZN) Plans

Amazon.com, Inc.'s (AMZN) newest initiative may make grocery shopping a little easier

Jul 27, 2015 at 10:30 AM
facebook twitter linkedin

E-commerce king Amazon.com, Inc. (NASDAQ:AMZN) is reportedly developing drive-through grocery stores. The project, which sources say will initially be deployed in Silicon Valley, will allow customers to order online and schedule a pick-up time.

On the charts, AMZN has been a major mover, soaring 74% in 2015 to trade a hair below $540. Today, the stock is getting a 2% lift from price-target hikes at Goldman Sachs (to $650 from $570) and UBS (to $650 from $550). Last Friday, the shares gapped up on earnings to a record peak of $580.57.

Call buyers are banking on the upward momentum to continue. Amazon.com, Inc. (NASDAQ:AMZN) has racked up a 10-day call/put volume ratio of 1.28 across the International Securities Exchange (ISE), Chicago Board Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX). That ratio ranks near the top quartile of all readings taken in the past year.

Stop leaving money on the table with the same old broken options trading approach...

There is no options strategy that more perfectly capitalizes during earnings season better than this simple call and put buying strategy. Perfect for aggressive traders looking to recover their suffering portfolios so far in 2022. With the simplest possible options strategy, Schaeffer's team with 100+ years of options trading excellence, target 200% gains on every single trade. So many trades are being beaten down by the market, but don't be one of them! Don't waste another second... join us right now before the next trade is released! 

Schaeffer's Daily Bulletin Offer


Special Offers from Schaeffer's Trading Partners