Amazon Options See Record Surge as Calls Soar 1000%

Amazon's stock saw a minor boost last Friday, increasing by 3% in value. The surge was accompanied by significant activity in Amazon's options market, with some call options experiencing a remarkable jump of 1000%. According to data from August 28, Eastern Time, over 1.6 million contracts were traded, with calls making up 66% and puts accounting for 33%. This represents a substantial portion of the total 4.5 million outstanding contracts, where calls account for 58% and puts make up 41%. A notable example of this activity is the 267.5 dollars Call option expiring on August 31, 2026, which saw 32,175 contracts traded.