Notable Wednesday Option Activity: VST, AMZN, AMPL

Amazon (AMZN) and Amplitude (AMPL) are experiencing exceptionally high options trading volume today, with AMZN options representing 90.7% and AMPL options 81.4% of their respective average daily share trading volumes. Notably, long-dated call options for AMZN at the $225 strike (July 2025 expiry) and AMPL at the $12.50 strike (July 2025 expiry) are seeing significant activity. This concentrated volume suggests considerable bullish positioning or speculative interest targeting these price levels over the medium term.

Analysis

Amazon (AMZN) and Amplitude (AMPL) are both exhibiting unusually high options market activity, indicating significant investor focus. AMZN's options volume of 404,853 contracts represents 90.7% of its average daily share trading volume, a substantial level of derivatives activity relative to the underlying equity. Similarly, AMPL's options volume equates to 81.4% of its average daily share volume. The concentration of this activity is particularly noteworthy; in AMZN, 42,281 contracts traded for the July 2025 $225 strike call, while in AMPL, 5,138 contracts were traded for the July 2025 $12.50 strike call. This pronounced interest in long-dated call options suggests a build-up of bullish sentiment, with traders positioning for a significant appreciation in the share prices of both companies over the medium term, specifically leading into mid-2025.

Key Decisions for Investors

• Monitor the open interest and volume for AMZN's July 2025 $225 calls and AMPL's July 2025 $12.50 calls, as continued accumulation could signal strengthening conviction behind this bullish thesis.