Jul. 27 at 5:14 AM
$AMZN mixed flow ahead of July 31 earnings — AMZN at ~
$235 today.
+1,500 AMZN 100 15 DEC 2028 240.00 CALL @ 47.05, for
$7,057,500 total deltas.
+105 AMZN 100 20 NOV 2026 255.00 CALL @ 12.39, for
$130,095 total deltas.
+200 AMZN 100 24 JUL 2026 235.00 PUT @ 3.00, for
$60,000 total deltas.
Combined exposure ×
$235 =
$1,693,800,413 in dollar exposure. The December 2028 240 call is essentially at-the-money — a 1,500-contract leveraged long on AMZN with 2.5 years of runway. The November 255 call is 8.5% OTM into earnings season.
The July 24 235 put expired YESTERDAY — it was a same-session hedge. Amazon's Q2 spending is under Wall Street scrutiny alongside MSFT, but AWS remains the cloud leader. Someone built a massive long-dated AMZN position while also briefly hedging with a same-day put — a classic "ride earnings but protect the downside" structure.
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