FAANG Stock Takes a Breather Before Stock Split

Amazon.com's 20-t-1 stock split will go into effect Monday, June 6

Managing Editor
Jun 3, 2022 at 11:52 AM
facebook X logo linkedin

FAANG stock and tech staple Amazon.com, Inc. (NASDAQ:AMZN) is down 2.8% to trade at $2,439.58 today. The drop comes ahead of the company's highly-publicized 20-to-1 stock split that will go into effect Monday, June 6. Should today's losses hold, AMZN will snap a six-day win streak.

That win streak took the shares right into their 40-day moving average, a trendline that hasn't been toppled since April 21. The stock is down 26.7% in 2022, but in the last week has staged a neat little bounce off its May 24 multi-year bottom of $2,025.20.

Short-term options traders have been incredibly call-biased ahead of next week's split. This is per AMZN's Schaeffer's put/call volume ratio (SOIR) of 0.56, which sits in the low 4th percentile of its annual range.

The good news for prospective options traders is Amazon.com stock tends to outperform options traders' volatility expectations. This is per the equity's Schaeffer's Volatility Scorecard (SVS) tally of 85 out of 100.


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