AMZN Options Signal Bullish Bias: Key Strikes at $235 and $210 Offer Strategic Entry Points for Traders

• AMZN trades at $223.18, clinging to its 200D MA of $215.24 but under 30D MA resistance at $233.80.
• Options data shows 60,000+ open calls at $235 and $240, while puts at $210 and $220 see heavy OI, signaling a tug-of-war near current levels.
• Block trades hint at big money hedging with puts (AMZN20251121P240) and bullish calls (AMZN20260116C250) for longer-term exposure.

Here’s the takeaway: AMZN’s options market is painting a picture of cautious optimism. While technicals show a short-term bearish bias, the call/put imbalance and block trades suggest smart money is positioning for a rebound. The stock isn’t screaming higher—but it’s not falling apart either. Let’s dig into why this could be a setup for traders to capitalize on.

What the Options Chain Reveals About Market Sentiment

The options market is a chessboard of expectations. Right now, AMZN’s OTM call options at $235 (OI: 49,570) and $240 (OI: 42,497) dominate this Friday’s open interest, while puts at $220 (OI: 23,549) and $210 (OI: 7,084) next Friday show hedging activity. The put/call ratio of 0.71 (calls > puts) reinforces a bullish tilt. But don’t ignore the risk: heavy put OI at $210 means some players are bracing for a drop below the 200D MA.

Block trades add intrigue. A 830-lot put block at AMZN20251121P240 (expiring Nov 21) and a 500-lot call buy at AMZN20260116C250 (Jan 16) suggest big players are hedging near-term volatility while betting on a longer-term rebound. This isn’t a one-way bet—it’s a hedge against uncertainty.

How Recent News Shapes the AMZN Narrative

Amazon’s recent headlines are a mixed bag. The partnership with Slope for AI-powered lending and the record sale of its LAX distribution center signal operational strength. But the Humana executive appointment and subprime mortgage bond analysis introduce ambiguity.

Here’s the kicker: investors are parsing these stories through the lens of AMZN’s broader strategy. The AI and logistics moves bolster confidence in its ecosystem, while the Humana and mortgage news create noise. The key is whether the market sees these as short-term hiccups or red flags. Right now, options data leans toward the former—traders are pricing in resilience.

Actionable Trade Ideas for AMZN

For options traders, the most compelling plays are:

• Bullish Call: Buy AMZN20251226C235 (next Friday’s $235 call) if AMZN breaks above its 30D support at $228.94. Target a 10% move to $250, with a stop below $221.06.
• Bearish Put: Buy AMZN20251226P210 (next Friday’s $210 put) if the price dips below the lower Bollinger Band at $218.34. Target a 7% drop to $200, with a stop above $222.79.

For stock traders, consider:

• Entry near $223.18 if AMZN holds above its 200D MA. Target $229.67 (30D support) as a first goal, then $233.80 (30D MA).
• Stop-loss at $218.34 (lower Bollinger Band) to protect against a breakdown.

Volatility on the Horizon

AMZN isn’t in a clear breakout mode, but the technicals and options data suggest a tight range with potential for sharp moves. The $228.94–$229.67 support/resistance zone is critical—break above it, and the bulls gain momentum; break below, and the bears test the 200D MA. With block trades hinting at hedging and the news cycle mixing optimism with caution, traders should stay nimble. This isn’t a high-conviction trade—it’s a calculated bet on AMZN’s ability to hold its ground while the market sorts out its next move.