I have been using the python yfinance module to automatically pull in options data so that I can do analysis for trades. My strategy generally is to sell pretty low risk covered calls to add a little bit of income to my portfolio. Today as I was checking the options chain for some potential trades, I saw that there are some very far out of the money call options that have small amounts of open interest. For example this call option expiring June 21st with a $1,080 strike price, while the stock is trading around $186 right now.
Has anyone seen anything like this before? What's going on?
Wtf is going on with these AMZN Call Options?
byu/MistaMaple inoptions
Posted by MistaMaple
2 Comments
Maybe somebody can’t sell naked calls, so they bought very far OTM calls to create a sort of synthetic short naked call position.
There is no AMZN 6/21/24 1080c. The highest strike is 275, per Thinkorswim, Nasdaq, and Barchart. Yahoo must have bad data.