Amazon Sees Surge in Options Trading with $2.5M+ 7/19 195c Call Buying

Amazon ($AMZN) has seen a significant surge in options trading activity, with a notable increase in call buying. On June 26, the net options delta for Amazon was reported at +1.5 million shares, indicating strong bullish sentiment. Midday buyers were observed purchasing over 6,000 August $240 calls at $0.59 each, and there was also action in the December 2025 $235/$280 call ratio spreads. Additionally, $2.5M+ volume came in for 7/19 195c calls, and millions worth of 200 strike call sweepers for July and August expirations were reported. On June 27, the net options delta remained high at +1.2 million shares. A buyer acquired 1,200 June 2026 $270 calls at $17.50, adjusting from January 2026 $250 calls. There has been a continuous uptick in out-of-the-money call orders with significant premiums, reflecting ongoing bullish sentiment towards Amazon.