Amazon stock (AMZN) may be undervalued, with high put option yields and potential for increased free cash flow. Trading at $234.11 on Jan. 20, analysts have raised price targets to $295.63 on average. Short put yields have risen, with a 3.385% cash-secured put yield indicating potential for AMZN to drop to $220-$225. This could be a contrarian indicator for investors.

Read more at Barchart: Is Amazon Too Cheap Ahead of Earnings? Put Yields are High, Implying AMZN Stock Could Rally