Options Spy: Selling call orders shows a short-term top signal for Amazon

The iPhone 15 series hot sales, Apple inspired large technology stocks higher, technology, energy stocks rose to offset the weakness of Tesla led by the consumer discretionary stocks, the main index of the US stock market on Monday (18) was almost flat.

With the clock ticking down to the Fed's September meeting and U.S. bond rates retreating from recent highs, many expect the central bank to stay on hold. In addition, the Fed will provide new forecasts for the economic outlook, including inflation and unemployment, and forward guidance on the outlook for interest rates.

The Fed has previously projected that rates could peak in a range of 5.50 percent to 5.75 percent, meaning another rate hike is still possible, but recent signs of slowing inflation have raised hopes that the central bank may opt to keep rates higher for longer rather than continue raising rates.

Markets focused on Fed Chair Jerome Bauer's forecasts and comments at a press conference for clues about the Fed's next move after its September meeting.

U.S. Treasury Secretary Janet Yellen said on Monday she had not yet seen signs of a downturn in the U.S. economy, but warned that a failure by Congress to pass legislation to keep the government open could lead to slower growth.

Amazon sell calls were among the top traded options. $AMZN 20231020 148.0 CALL$ , with sell open volume reaching 5,757 lots, indicating resistance at the 148 level through October 20.

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Option buyer open position (Single leg)

Buy TOP T/O:

$SRPT 20231117 160.0 CALL$ $AAL 20240920 10.0 PUT$

Buy TOP Vol:

$AAL 20240920 10.0 PUT$ $GM 20240119 29.0 PUT$

Other tech stocks:

$NFLX 20260116 440.0 CALL$ $NVDA 20250117 580.0 CALL$ $SPLK 20231215 125.0 CALL$

$NVDA 20231006 410.0 CALL$ $BABA 20231020 83.0 PUT$

Note: This image data is from Tiger PC. This screening is a significant buy open position for options contracts in the market. The purchase of a call option means that the trader believes that the underlying has upward momentum, and the purchase of a put option means that the trader believes that the underlying has downward momentum. These contract openings typically indicate significant activity in the underlying stock, including whether the trader is willing to accumulate a long or short option position.

Option seller open position (Single leg)

Sell TOP T/O:

$NFLX 20260116 440.0 CALL$ $FCX 20240517 42.0 PUT$

Sell TOP Vol::

$AMZN 20231020 148.0 CALL$ $JD 20240315 25.0 PUT$

Other tech stocks:

$AMD 20230922 97.0 PUT$ $JD 20240119 43.76 CALL$

$SHOP 20231117 50.0 PUT$ $PDD 20231117 120.0 CALL$

Note: This image data is from Tiger PC. This screen is a significant sell open position for an option contract in the market. A sell of a call option means that the trader believes that the underlying trend has peaked, and a sell of a put option means that the trader believes that the underlying trend has bottomed. These contract openings typically indicate significant activity in the underlying stock, including whether the trader is willing to accumulate a long or short option position.

Options portfolio open position

Note: This image data is from Tiger PC. This screening is a significant portfolio of options contracts in the market. Portfolio opening includes a variety of underlying trends, requiring traders to further master the basic knowledge of options for analysis and judgment.

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  • KSR
    ·2023-09-20
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