Unusual In-the-Money Put Options Trades in Amazon Stock Show Investors Bullish

A Barchart report highlights an unusually large block of in‑the‑money put option activity in Amazon (AMZN.OQ): nearly 7,000 contracts at the $285 strike expiring June 5. The trades suggest institutional sellers are effectively setting a buy‑in price near $264.90 (after collecting a ~$20.10 premium), implying a short‑term bullish view that could apply upside pressure to AMZN shares. The article notes AMZN recently traded around $264–265, has rebounded from a March low, and carries analyst average targets near $311–315, indicating broader optimism. While the trade reflects bullish positioning, it carries assignment and downside risk if AMZN falls below the breakeven level.