AMZN blew away all earnings estimates. The stock soared on Friday and brought all AMZN calls up with it. When a stock like AMZN, GOOG, AAPL goes up 15% the options go up 700, 1,000% or more.
On Friday traders buying any of the calls expiring that day were able to sell for large profits.
The $220 calls from $.39 to $7.79 or $390 into $7,790. The $225 calls from $.20 to $1.88. Some impressive option moves. It gets better. Had you positioned yourself earlier in the week for AMZN earnings you had the chance to get in at even cheaper prices.
The $220 calls were selling for $.18 on Tuesday so make that $180 into $7,779 for anyone good enough to be in earlier in the week. The $210 calls were $.65 on Tuesday and closed at $17.10 on Friday. The $225 calls were at $.10 on Tuesday and went over $3.00 no Friday. That's $100 into $3,000. I don't think I need to do the math on the rest of them. Almost any AMZN call this past week held to Friday was a "show me the money" type option trade.
This is why we trade options and a big high five to all of you who took AMZN calls to the bank on Friday.