Amazon.com (NASDAQ:AMZN) is recently down $1.58 to $66.96. AMZN is scheduled to announce Q2 EPS on July 23. Cowen has a Neutral rating on AMZN. AMZN call option volume of 14,514 contracts compares to put volume of 51,866 contracts. AMZN August option implied volatility of 81 is above its 26-week average of 50 according to Track Data, suggesting hedging for downside price movement.
Option Update is provided by Stock Specialist Paul Foster of theflyonthewall.com











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