President Trump is going after Amazon.com, Inc. (NASDAQ:AMZN) once again. The President this morning tweeted that the United States Postal Service should be charging Amazon more to deliver packages to help address the "billions of dollars a year" it's losing. In response, AMZN shares have dipped 0.6% at the open to trade at $1,179.33. - Donald J. Trump (@realDonaldTrump) December 29, 2017
Of course, Amazon stock has been a huge winner in 2017, rallying over 58% and hitting a record high $1,213.41 on Nov. 27. As a result, analysts are overwhelmingly bullish. Of the 37 brokerage firms tracking the FAANG name, just three have issued anything less than a "buy" recommendation.
In a similar vein, short interest is negligible. Just 1.4% of AMZN's float is sold short, or less than two days' worth of buying power, going by average daily trading volumes.
Meanwhile, data suggests it could be a good time for options traders to target short-term Amazon.com options contracts. For starters, the security has a Schaeffer's Volatility Index (SVI) of 16%, which ranks in the low 13th annual percentile -- suggesting volatility expectations are unusually low right now. Moreover, the tech issue has a Schaeffer's Volatility Scorecard (SVS) of 88, revealing it's shown a tendency to make bigger-than-expected moves over the past year, compared to what the options market has priced in.