Amazon Attracts Bullish Bets From Options Traders Ahead Of Earnings

Amazon.com, Inc. (NASDAQ: AMZN) is expected to report quarterly earnings after the closing bell on Aug. 3, 2023.

On CNBC’s "Options Action,"  Kris Sidial of The Ambrus Group said there were bullish bets on Amazon.

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There were buyers of 23,000 of the Aug. 4 weekly 140-calls at an average price of $1.04 per contract, Sidial mentioned.

Traders expect Amazon’s stock moving higher through Friday’s close.

Wall Street expects Amazon.com to post quarterly earnings at 34 cents per share on revenue of $131.54 billion after the closing bell.

Price Action: Amazon shares fell 2.6% to close at $128.21 on Wednesday, and lost 0.1% in today’s pre-market trading session.

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