This Is What Whales Are Betting On Amazon.com

This Is What Whales Are Betting On Amazon.com

Someone with a lot of money to spend has taken a bearish stance on Amazon.com (NASDAQ:AMZN).

And retail traders should know.

We noticed this today when the big position showed up on publicly available options history that we track here at Benzinga.

Whether this is an institution or just a wealthy individual, we don't know. But when something this big happens with AMZN, it often means somebody knows something is about to happen.

So how do we know what this whale just did?

Today, Benzinga's options scanner spotted 27 uncommon options trades for Amazon.com.

This isn't normal.

The overall sentiment of these big-money traders is split between 33% bullish and 66%, bearish.

Out of all of the special options we uncovered, 11 are puts, for a total amount of $2,210,360, and 16 are calls, for a total amount of $818,246.

What's …

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