AMZN could today snap its four-day win streak
Amazon.com Inc (NASDAQ:AMZN) is among the "Magnificent Seven" names hitting the earnings confessional this week, with first-quarter results due out after the close on Thursday, May 1. Wall Street will be eager to learn how tariffs are impacting consumer spending on the e-commerce platform. Ahead of the event, Oppenheimer cut AMZN's price objective to $220 from $260.
AMZN was last seen down 1.7% to trade at $185.83, looking to snap its four-day win streak after gaining 9.5% last week. Shares are down 15.5% so far in 2025, and while a familiar floor at the $170 level has contained recent pullbacks, the 40-day moving average has enacted pressure since February.
Per Schaeffer's Senior Quantitative Analyst Rocky White's list of stocks that attracted the highest options volume within the last 10 days, AMZN is one of the most popular names among options traders. The equity saw more than 3.9 million calls and 2.5 million puts traded. The most active contract in that period was the weekly 4/25 190-strike call.
Though calls still outpace puts in the options pits, the latter gained traction during the last two weeks. Over at the International Securities Exchange (ISE), Chicago Board Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX), AMZN's 10-day put/call volume ratio sits in 91st percentile of its annual range.
Amazon.com stock usually outperforms after earnings, finishing five of the last eight next-day sessions higher. However, it's worth noting the security just saw a 4.1% post-earnings drop in February. Over the past two years, the shares averaged a 6% move, regardless of direction. This time, the options pits are pricing in a bigger 9.8% swing.