AMZN Bulls May Be Watching This Trendline

Group 1 - Amazon.com Inc's stock has decreased by 2.4% to $194, reflecting a broader market decline, with an 11.6$2 trillion market cap [1] - The stock has seen significant options trading activity, ranking among the highest in options volume over the past 10 days, with over 4.7 million calls and more than 2.2 million puts exchanged [2] - The most popular option is the weekly 3/14 200-strike call, indicating traders are focused on this psychologically significant level, which is near the 200-day moving average that could act as a pivot point if reclaimed [3] Group 2 - In the 10-day options volume, Amazon's call volume is 4,747,479 and put volume is 2,198,523, totaling 6,946,002 [4] - The current low Schaeffer's Volatility Scorecard (SVS) of 8 out of 100 suggests that it may be an opportune time for options trading, particularly for premium selling [4]