Amazon Options Trading Hits Record High on August 28th
Amazon's options market saw significant activity on August 28th ET, with a total of 1.65 million contracts traded for the day. This represents a substantial increase in trading volume, with put options accounting for 33.75% of the total transactions and call options making up the remaining 66.25%. The open interest, which indicates the number of outstanding positions that have not been closed, stood at approximately 4.51 million contracts by the end of the day.
The most active option contract on August 28th was the call option with a strike price of $350.00 expiring on November 20th, 2026. This contract saw 25,000 trades and generated a turnover of $2.23 million, making it the largest unusual options trade for the day.
The high trading volume suggests that market participants are actively speculating on Amazon's future price movements. However, as with all options trading, there is a significant risk of losing one's entire investment in a short period of time.