Amazon, NFL Close to $1 Billion Streaming Deal

The security has shed nearly 7% in 2021

Deputy Editor
Mar 4, 2021 at 10:40 AM
facebook X logo linkedin


Amazon.com, Inc. (NASDAQ:AMZN) is in the news again, after it was reported that the company is close to a media rights deal with the National Football League (NFL). The deal, reportedly worth $1 billion, will give Amazon the exclusive rights to carry a number of Thursday night NFL games on its Prime Video streaming platform beginning after the 2022 season. At last check, AMZN was up 0.2% at $3,014.83. 

Digging deeper, the equity has been taking a breather since surging to its 2021 high of $3,434 on Feb. 3. In fact, yesterday's session saw Amazon stock close at its lowest level since Nov. 2, and fall well below its 200-day moving average -- a trendline of support for the better part of a year. Now, AMZN is down 6.8% in 2021. 

There's ample pessimism in the stock's options pits currently. This is per AMZN's 10-day put/call volume ratio at the International Securities Exchange (ISE), Cboe Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX), which stands higher than 96% of readings from the past year. This means puts are being picked up at a much faster-than-usual pace.

For those looking to speculate on Amazon stock, options can be had at a relative bargain. The security's Schaeffer's Volatility Index (SVI) of 33% stands higher than just 18% of readings from the past year. This implies option traders are pricing in relatively low volatility expectations at the moment. 

 

Target Effortless Triple-Digit Gains Every Sunday Evening For Life!

This is your chance to triple your profit potential on Sunday evenings, without spending all your free time watching the market.

On Sundays, as a Weekend Plus subscriber, you’ll get up to 6 trades every Sunday, each targeting gains of 200% or more.

Start targeting gains like the ones our subscribers have seen recently, including:

213.3% GAIN on AutoNation calls
100.0% GAIN on Monster Beverage calls
100.4% GAIN on Walgreens Boots Alliance puts
100.4% GAIN on ON Semiconductor calls
257.7% GAIN on Dell calls

101.0% GAIN on Apollo Global Management calls
103.6% GAIN on JP Morgan  Chase calls
105.3% GAIN on DraftKings calls
101.3% GAIN on Airbnb calls
203.0% GAIN on Shopify calls
102.0% GAIN on Cboe Global Markets calls
100.9% GAIN on Boeing calls
102.1% GAIN on Microsoft puts
102.3% GAIN on First Solar calls
101.5% GAIN on PulteGroup calls
101.0% GAIN on Apple calls
209.4% GAIN on NXP Semiconductors calls
100.8% GAIN on Uber Technologies calls
100.4% GAIN on Academy Sports and Outdoors puts
102.2% GAIN on Trade Desk calls
100.8% GAIN on DoorDash calls
100.0% GAIN on Camping World Holdings puts
100.0% GAIN on Cboe Global Markets calls
100.2% GAIN on C3.ai calls
238.5% GAIN on Oracle calls

 
 
 


 
 

Rainmaker Ads CGI