They're just killing the 270 calls and selling lots of fat 270 put premium to suckers.
The trade is to buy 270 calls IMO.
Recall this post yesterday? I rest my case.
It looks more like AMZN has begun its traditional drop before earnings. We may see accelerated drops of 4-6 pts, maybe more, a day until earnings next week.
It would be best to hedge your bets.
Sentiment: Strong Sell
they are gonna pull the rug on those buyers.