Amazon (AMZN) Options Signal Bullish Bias: Key Strikes at $235 Call and $210 Put Highlight Breakout Potential

• AMZN surges 2.4% to $226.60, trading near 30-day high of $229.22
• Call open interest dominates at $235 and $240 strikes, while puts cluster at $210–$220
• Block trades hint at institutional bets on AI-driven growth and downside hedging

Here’s the core insight: AMZN’s options market is painting a clear picture of a stock poised for a breakout—or a sharp correction. With call open interest outpacing puts by 69% and key resistance levels in play, the data leans bullish—but the risks of a pullback are real. Let’s break it down.The Options Imbalance and Whale Moves

The options chain is a goldmine of clues. This Friday’s expiring calls see heavy open interest at $235 (47,426 contracts) and $240 (38,024), while puts cluster at $210 (7,446) and $220 (3,693). That’s not random—it’s a crowd-sourced bet that AMZN could test $235 before the week ends. But don’t ignore the puts: a block trade of 1,000 puts at $220 (AMZN20250919P220) suggests big players are hedging against a drop below the 200-day MA of $215.41.

The real drama? A $500,000 call block at $250 (AMZN20260116C250) and a $1.35M put trade at $240 (AMZN20251121P240). These aren’t just noise—they signal that smart money is positioning for a post-holiday rally or a defensive play if AI hype falters.

News That Could Tip the Scales

Amazon’s AI reorg and OpenAI talks are the big story. If the $750B valuation talks materialize, AWS could see a tailwind. But here’s the catch: Andy Jassy’s recent share sale ($4.3M) might raise eyebrows. Is it a personal move, or a signal? Meanwhile, the Business Prime expansion is a long-term play—great for earnings in 2026, but less so for a stock that’s already up 2.4% today.

Actionable Trades for TodayFor Options Traders:

• Bullish Play: Buy the AMZN20251219C235 call if AMZN breaks above $229.22 (intraday high). Target: $235–$240. Risk: Below $224.41 (intraday low).
• Bearish Hedge: A put spread with AMZN20251219P220 and AMZN20251219P210 if the price dips below $227.38 (Bollinger middle band).

For Stock Traders:

• Entry: Consider buying AMZN near $227.38 if it holds above the 200-day MA.
• Targets: $235 (call-heavy zone) and $240 (psychological level).
• Stop: Below $222.43 (30D support).

Volatility on the Horizon

The next 72 hours will be critical. If AMZN closes above $229.22, the $235 call could ignite a short-term rally. But watch the RSI at 36.43—it’s still in oversold territory, hinting at a possible rebound. Conversely, a break below $224.41 could trigger the puts at $210–$220. Either way, the options market is pricing in a decisive move—just not yet which direction.

Final Take: AMZN is at a crossroads. The bulls have momentum, but the bears aren’t out of the woods. Play it smart: use the call-heavy zone as a guide, but keep a tight stop. This stock isn’t just about AI—it’s about execution. And right now, the market’s betting Amazon can deliver.