Moderately bullish activity in Amazon with shares up 0.62%

Moderately bullish activity in Amazon (AMZN), with shares up $1.50, or 0.62%, near $244.18. Options volume roughly in line with average with 897k contracts traded and calls leading puts for a put/call ratio of 0.54, compared to a typical level near 0.53. Implied volatility (IV30) is higher by 2.6 points near 42.64, in the highest 10% of observations over the past year, suggesting an expected daily move of $6.56. Put-call skew flattened, suggesting a modestly bullish tone.

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