Talk about an Amazon warrior. One trader is making a massive bet on the online retail giant, staking $50 million that the stock will rise significantly over the next two years.
On Tuesday, one firm bought 7,000 Amazon January 2017 300-strike calls for $72 per share. This trade, which cost more than $50 million in options premium, only makes money if Amazon shares rise above $372, which is only a bit below its all-time high of $408.
But the trader has a long time for the stock to make that move, as the options don't expire until the middle of January 2017.