AMZN Bulls May Be Watching This Trendline

AMZN calls have doubled up the number of puts in the last 10 days

Patrick Martin

Managing Editor

Mar 13, 2025 at 1:07 PM

AMZN

E-commerce giant Amazon.com Inc (NASDAQ:AMZN) stock is down 2.4% to trade at $194, falling victim to the broad market capitulation. Despite an 11.6% year-to-date haircut, AMZN is holding its $2 trillion market cap level and a key trendline on the charts.

AMZN Stock Chart

The shares have remained popular among options traders amid the sharp pullback, landing on Schaeffer's Senior Quantitative Analyst Rocky White's list of stocks with the highest options volume in the past 10 days. In this period, over 4.7 million calls and more than 2.2 million puts were exchanged.

The weekly 3/14 200-strike call is the most popular, with options traders eyeing that psychologically-significant level. Right below $200 sits AMZN's 200-day moving average, a trendline the stock tested and could become a pivot point if reclaimed in the coming sessions.

MAO March 13

Now looks like an great time to weigh in with options. This is per the stock's Schaeffer's Volatility Scorecard (SVS), which sits at a low 8 out of 100, making it a prime premium-selling candidate.

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