Amazon Sees $1.36M in Unusual Call Activity as Stock Sits Mid-Range Near $245

By TrendSpider Editor

Two unusual call contracts totaling $1.36 million in combined premium surfaced in Amazon.com trading on Friday, July 10, 2026, signaling that at least some traders are positioning for upside in the weeks and months ahead. AMZN shares are currently trading at $245.495, down 0.63% on the session, sitt

Amazon Sees $1.36M in Unusual Call Activity as Stock Sits Mid-Range Near $245

Two unusual call contracts totaling $1.36 million in combined premium surfaced in Amazon.com trading on Friday, July 10, 2026, signaling that at least some traders are positioning for upside in the weeks and months ahead. AMZN shares are currently trading at $245.495, down 0.63% on the session, sitting roughly in the middle of its 52-week range of $196 to $278.56. Both flagged contracts are out-of-the-money calls, suggesting directional bets rather than hedging activity.

Key Drivers of the AMZN Stock Move

• Main Catalyst: Two unusual call contracts were flagged today, with strikes at $247.50 and $260, carrying a combined total premium of $1,360,070. The near-term contract expires July 17, 2026, and the longer-dated contract expires December 18, 2026, representing a range of timeframes for the bullish thesis to play out.
• Bull Case: The $1,168,940 premium on the December $260 call is the dominant trade here, representing the bulk of total unusual flow. At a size of 554 contracts with only 5% open interest ratio, this is fresh positioning rather than a roll or close. A move to $260 would represent approximately a 5.9% gain from today's price, still well within the 52-week high of $278.56.
• Bear Case: Both contracts are out-of-the-money, meaning they expire worthless if AMZN fails to climb above $247.50 and $260 respectively. The near-term July 17 contract has only one week to work with, and at an 8% open interest ratio on 554 contracts, it reflects a small footprint relative to existing positioning. The stock is already slightly in the red today, and the 0.63% decline shows modest near-term selling pressure heading into the weekend.

The options flow paints a bifurcated picture: one trader is making a short-term strike at $247.50 expiring next Friday, while another is making a substantially larger, longer-dated wager out to December. This type of staggered positioning sometimes reflects conviction in a broader catalyst that traders expect to emerge over the coming months, such as an earnings event, product announcement, or macro shift that could re-rate the stock. With AMZN trading well off its 52-week high of $278.56 but comfortably above its 52-week low of $196, there is room on both sides of the tape. The $260 target on the December contract would still leave the stock roughly 7% below its 52-week peak, making the thesis plausible rather than aggressive.

AMZN Unusual Options Activity

Two call contracts were flagged as unusual in Friday's session:

• Contract 1: Call | Strike: $247.50 | Expiry: July 17, 2026 | Volume: 554 | Open Interest: 8% | Out-of-the-money | Premium: $191,130
• Contract 2: Call | Strike: $260.00 | Expiry: December 18, 2026 | Volume: 554 | Open Interest: 5% | Out-of-the-money | Premium: $1,168,940

Total unusual premium across both contracts came to $1,360,070, with zero put contracts flagged. The directional lean is entirely to the upside, with no bearish hedging detected in today's unusual flow.

AMZN Seasonality

Mid-July has historically been a notable period for Amazon, as the company typically reports second-quarter earnings in late July, which can drive significant volatility. The one-week expiry on the $247.50 call suggests a trader may be positioning ahead of any pre-earnings momentum, while the December contract provides a longer runway through the back half of the year.

AMZN Relative Performance

AMZN is down 0.63% on the session as of Friday, July 10, 2026, modestly underperforming on a down day. The stock is trading at $245.495, which places it roughly 43% above its 52-week low of $196 but approximately 12% below its 52-week high of $278.56, indicating there is meaningful room to recover toward prior highs if the broader market and company-specific catalysts cooperate.