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Amazon.com Inc (Symbol: AMZN) introduced new options for July 2026 this week, creating opportunities for investors as there are 238 days until expiration. The put contract at a $215.00 strike price has a current bid of $21.30, allowing investors to effectively purchase shares at $193.70 if sold-to-open. This represents a potential return of 9.91% on the cash commitment, or 15.20% annualized. Current odds suggest a 60% chance this put contract could expire worthless.
On the call side, a $230.00 strike price call contract is available with a bid of $21.75. If an investor sells-to-open this contract while holding shares at $217.00, they could realize a 16.01% total return at expiration. However, it has a 48% chance of expiring worthless, allowing the investor to retain both shares and premium, contributing to a 10.02% additional return or 15.37% annualized. The implied volatility for the put is 38%, and for the call, it’s 37%. The trailing twelve-month volatility is calculated at 35%.
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