Bartosiak: Trading Amazon's (AMZN) Earnings with Options

AMZN

On Monday, July 27th, Amazon (AMZN - Free Report) will release its second quarter earnings results after the bell. The company is a Zacks Rank 5 (Strong Sell), and have a Value, Growth, and Momentum score of D.

Dave will look at Amazon past earnings, take a look at what is currently going on with the company, and give us his thoughts on their upcoming earnings announcement.

Furthermore, Dave will uncover some potential options trades for investors looking to make a play on Delta ahead of earnings.

Amazon in Focus

Amazon.com, Inc. seeks to be the world's most customer-centric company, where customers can find and discover anything they may want to buy online. The company lists unique items in categories such as books, music, DVDs, videos, consumer electronics, toys, camera and photo items, software, computer and video games, tools and hardware, lawn and patio items, kitchen products, and wireless products.

Amazon is expected to report earnings at $1.40 per share. Amazon reported earnings last quarter at $1.48 per share, beating the Zacks Consensus Estimate by $0.45 last quarter. Amazon has an average surprise of 17.75% over the last 4 quarters.

Zacks Names "Single Best Pick to Double"

From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.

It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.

This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.

Free: See Our Top Stock and 4 Runners Up >>