AMZN – Call Buyers Step In as Stock Tests Key Support

Amazon saw bullish activity today with multiple large trades hitting the tape at the $245 strike expiring November 14, 2025. Two sweeps and two blocks came through between 2:49 PM and 3:47 PM ET, totaling roughly $500K in premium. These trades printed near the ask, showing buyers’ aggression as spot traded around $243–245 with implied volatility near 30%.

The Options Flow

Notably, the first sweep hit at $3.10 when AMZN traded at $243.14, followed by two $130K blocks at $3.25, and another $100K sweep at $4.00 later in the session. The consistent targeting of the same strike and near-term expiry suggests short-term bullish conviction — possibly a bounce play or momentum bet ahead of next week’s expiration.

Source: Blackboxstocks.com

Technical Setup

On the 4-hour chart, AMZN has pulled back from its recent high of $259 to retest support near $240–241, aligning with the 89 EMA and a key volume shelf. The MACD remains weak but could be nearing a potential reversal zone if buyers defend this support area. Above, resistance sits at $250, while a breakdown below $240 could open a move toward $226.

The Trade

With call buyers stepping in at support, bulls are looking for a short-term bounce toward the mid-$250s. Continuation depends on holding the $240 level and confirming momentum reversal on higher volume.

Disclosure: I bought a few of these calls.

Disclaimer: This post is for informational and educational purposes only. Nothing here should be considered financial advice or a recommendation to buy or sell any security. Always do your own research and trade based on your own risk tolerance and strategy.