Options on Amazon.com, Inc. (Ticker: AMZN) are seeing heavy volume on the final trading session of the week amid strong gains in the price of the stock, which is currently up more than 4.0% on the day at $342.09 and the highest level since April. At last check, more than 127,000 options contracts have changed hands on Amazon or twice the stock’s average daily options volume of around 63,100 contracts. Call options are more active than puts as of the time of this writing, with the call/put ratio hovering near 1.33 just before midday in New York. The bulk of the volume is in the 11Jul’14 weekly options currently in their final day of trading prior to expiration, and in the 18Jul’14 expiry calls and puts. Amazon.com reports second-quarter earnings after the close of trading on July 24th.
Chart – Amazon shares on the rise
