Traders bet Amazon could hit a $1 trillion market cap next week

Traders bet Amazon could hit a $1 trillion market cap next week

6 years ago
Anonymous $oIHRkISgaL

https://www.cnbc.com/2018/08/31/traders-bet-amazon-could-hit-a-1-trillion-market-cap-next-week.html

As Amazon scores fresh all-time highs and is now just inches away from a $1 trillion market cap, some traders are betting the retail giant could hit the milestone as soon as next week.

Amazon's unrelenting dominance in the consumer space has pushed the company's shares up 72 percent this year and it is now just one of a handful of stocks trading above the $2,000 level. According to Dan Nathan, co-founder and editor of RiskReversal.com, options traders are betting the retailer could reach a trillion-dollar value by next Friday.

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