Schaeffer's Top Stock Picks for '25

Bulls Rush to Tech Giant Despite Static Chart Performance

Analysts are overwhelmingly bullish on AMZN

Deputy Editor
Aug 17, 2020 at 3:44 PM
facebook X logo linkedin


Thanks to data courtesy of Schaeffer's Senior Quantitative Analyst Rocky White, we have a list below comprised of 20 stocks that have attracted the highest weekly options volume over the last 10 trading days, with new additions highlighted in yellow. Amazon.com Inc (NASDAQ:AMZN) has been a regular on this list. One of the heavy movers on the Nasdaq, Amazon, has been highlighted alongside Big Tech lately -- recedntly volatile after wading confidently through the pandemic for months.

So far today, 66,000 calls have crossed the tape, more than doubling the 32,000 puts. Most popular are the August 3,300- and 3,200-strike calls, with new positions being opened at both. This means quite a few options players are betting on more upside for AMZN by the time the contract expires at the end of this week. 

Calls have been popular, though to a lesser degree, in the past 10 days as well. During the past two weeks, 537,426 calls were traded, along with 394,432 puts. The most popular position during this time was weekly 8/14 3200-strike call, where 17,502 were traded. 

Most Active August 17

Furthermore, now looks to be an affordable time to weigh in on AMZN options, as the stock is seeing moderately-priced premiums. The security's Schaeffer's Volatility Index (SVI) of 33% stands higher than 29% of all other readings in its annual range, implying that options players are pricing in relatively low volatility expectations at the moment. 

Last month, we noted that shares have started to cool off around the $3,200 region. Since then, AMZN has been trading sideways around that trendline, though with recent support from the 20-day moving average at the $3,100 mark. Year-to-date, the equity is up around 72%, currently up 1% to trade at $3,178.87.

AMZN August 17

Analyst sentiment is overwhelmingly bullish, with 33 out of 34 analysts sporting a "buy" or better rating, while the reaming firm sports a tepid "hold." Meanwhile, the stock's 12-month consensus target price of $3,630.41 is a 14% premium to current levels. 

 
 

You have the chance to join one of Bernie's most exclusive programs, complete access at HUGE savings!

As we prepare for a new administration to take the reins in Washington, the near-term market landscape is rife with uncertainty.

The Federal Reserve has already hinted at the turbulence ahead, lowering its interest rate outlook for 2025.

Meanwhile, breakthroughs in artificial intelligence (AI), quantum computing, and other transformative sectors have unlocked incredible profit potential.

But these opportunities are fleeting, and timing is everything. That's where Quick-Hit Trader comes in.

Quick-Hit Trader is designed for precision and speed, getting you in and out of the market in a flash. While other investors scramble to navigate volatile conditions, you'll have access to expertly curated trades that leverage these rapid shifts to deliver explosive profits in short order.

This is your chance to capitalize on the fast-moving market like never before. Are you ready to make your move?

 

 

(function(doc, script) { var js, fjs = doc.getElementsByTagName(script)[0], frag = doc.createDocumentFragment(), add = function(url, id) { if (doc.getElementById(id)) {return;} js = doc.createElement(script); js.src = url; id && (js.id = id); frag.appendChild( js ); }; // Google+ button //add('https://apis.google.com/js/platform.js', async="defer"); // Facebook SDK add('//connect.facebook.net/en_US/all.js#xfbml=1&appId=772755279557744', 'facebook-jssdk'); // Twitter SDK //add('//platform.twitter.com/widgets.js', charset='utf-8'); fjs.parentNode.insertBefore(frag, fjs); }(document, 'script'));