Home Options AMZNReports

AMZN

Amazon.com, Inc.Close $270.13EOD only

Max Pain

$235.00

Next expiry May 15, 2026

Expected Move

±$5.46

2.0% from close

Price Gap

-35.13

Distance to max pain

IV Rank

High premium

P/C OI

0.59

Slightly call-heavy

Consensus

8.5/10

Bullish tilt

Published snapshot: May 13, 2026 close

End-of-day snapshot

This page reflects AMZN options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.

Published Snapshot

May 13, 2026 close

AMZN Directional Report

Analysis based on market close May 14, 2026

Directional Theta Gang Flow Earnings Consensus

Historical consensus-supported lens with full content, report chain context, and metric rail.

Outlook

Bullish bias from strong GEX/flow alignment, gamma pinning near $265, and low VIX. Upside targets $271 and $275, but 13.7% above MP warrants caution.

Confidence:

8 / 10

Base 5; +2 GEX/flow aligned; +1 pinning; +1 VIX 17; -1 spot distance from MP. Net 8.

Supports: Bullish flow, GEX +326M, VIX 17, resistance $271-$275 reachable.
Conflicts: Spot far above May15 $235 pin, but shifting to $265.

📊GEX +326M & bullish flow align with uptrend.

📍Gamma pinning $265-$268 supports consolidation.

⚠️Spot 13.7% above MP $265 may attract sellers.

Regime Classification

Vol Regime

Normal

Vol Normal, IV near lower range, VIX 17 supportive.

Gamma Regime

Pinning

Pinning regime with $265-$268 gamma walls; GEX +326M, flip only below $200.

Flow Regime

Bullish

Bullish flow with net positive premium, call dominance.

Spot vs Max Pain

Above

Spot ~$267, 13.7% above $265 MP; bullish skew but pin risk.

Thesis duration: Event-specific — Multiple expiries May15/20 create event-specific gamma and pinning.

Price Range Forecast

Next 2 days

$263.34$271.10

Resistance $271.10, support $263.34; gamma near $265.

Next 1 week

$259.45$275.00

Target $275; support $259.45 if breakdown.

Next 2 weeks

$254.60$279.85

Range $254.6-$279.85; key $280 resistance.

Key Levels

Max pain pins: $235 (2026-05-15); $265 (2026-05-18); $268 (2026-05-20)

EM guardrails: 2d $263.34/$271.10; 1w $259.45/$275.00

Support: $254.60

Resistance: $275.00 · $279.85 · $280.00

Gamma flip: ~$200.00 — Approx — based on put OI concentration of 31,795 (25.2% below spot)

Structural: MP: $235 (May15), $265 (May18), $268 (May20). EM: 2d $263.34-$271.10; 1w $259.45-$275. Support $254.6; resistance $275/$279.85/$280. Gamma flip ~$200.

Dealer Positioning (GEX/DEX)

GEX: $+326.2M

DEX: +158.2M shares

Gamma flip: ~$200 (Approx — based on put OI concentration of 31,795 (25.2% below spot))

NTM gamma: GEX +$326.2M, DEX +158.2M shares. Long gamma, pinning $265-268. Flip at ~$200 (put OI).

IV Analysis

IV vs VIX: IV in line with VIX 17, not rich/cheap; supportive for directional.

Term structure: Normal term structure, no kinks; May15/20 show elevated gamma.

Skew: Put skew elevated; consider call spreads for capped bullish bet.

Flow Analysis

Net premium: Net call buying of $172.5M, PC ratio 0.36, bullish.

Directional prints: 25.8 call 272.5 OTM 2026-05-15 — Vol/OI 4.1, heavy buying in OTM calls, bullish delta. 25.9 call 267.5 OTM 2026-05-15 — Vol/OI 5.5, aggressive call buying ATM, bullish. 21.9 call 272.5 OTM 2026-05-18 — Vol/OI 3.8, sustained call buying, bullish continuation.

Unusual: 21.5 put 267.5 ITM 2026-05-18 — Vol/OI 8.7, extreme put buying near expiry, likely hedging or bearish bet. 25.9 call 267.5 OTM 2026-05-15 — Vol/OI 5.5, unusual call volume 5x OI, strong bullish flow. 28 put 280 ITM 2026-07-17 — Vol/OI 5.0, notable put accumulation for July, defensive.

Risks & Catalysts

!Pullback to MP $265 on lack of catalyst.

!Gamma flip below $200 (tail risk from put OI).

!Resistance at $275/$280 caps upside.

!May15 expiry pinning may cause volatility.

Strategy Viability

Strategy	Edge	Best Setup	Primary Risk
Bull call spread	Strong	Buy 2026-07-17 $270.00/$290.00 call spread Why now: Defined risk bullish spread to capture upward drift into earnings.	Max loss if stock stays below $270; premium paid.
Put credit spread	Moderate-Strong	Sell 2026-06-26 $245.00/$235.00 put spread Why now: Low vol environment supports selling puts; strong call flow suggests limited downside.	Max loss if stock drops below short put strike.
Bullish risk reversal	Strong	Buy 2026-07-17 $290.00 call / sell 2026-07-17 $245.00 put Why now: Low cost structure if stock rallies; aligns with call buying trend.	Unlimited downside if stock falls below short put strike.

Top Plays

Bull Call Spread

Buy 2026-07-17 $270.00/$290.00 call spread

Buy 270/290 call spread; limited risk with potential 33% return, expiring before earnings to avoid event risk.

Why this play: Best aligns with bullish bias from strong call flow and gamma pinning; defined risk captures upside before earnings.

Debit: $6.55-$8.00

Max loss: $8.00

BE: $278.00

Mgmt: Exit if stock drops below invalidation $254.6; consider rolling up if rally accelerates.

Traders seeking moderate upside with defined risk.

Put Credit Spread

Sell 2026-06-26 $245.00/$235.00 put spread

Sell 245/235 put spread; collects premium with strike well below support, consistent with bullish thesis.

Why this play: Low vol environment supports premium selling; strong call flow suggests limited downside, but low return vs other plays.

Credit: $1.25-$1.53

Max loss: $8.47

BE: $243.47

Mgmt: Close early if stock approaches $254.6; roll out if volatility spikes.

Conservative traders seeking income with low volatility.

Bullish Risk Reversal

Buy 2026-07-17 $290.00 call / sell 2026-07-17 $245.00 put

Buy 290 call / sell 245 put; zero cost if entered near mid, but profit only if stock rallies sharply.

Why this play: Most aggressive; unlimited upside potential from call buying trend, but high tail risk if stock drops.

Debit: $0.72-$0.88

Max loss: $245.00

BE: $245.00

Mgmt: Monitor closely; buy back put if stock nears $254.6; take profits on call if target hit.

Aggressive traders with high conviction in upside breakout.

Watchlist Triggers

Entry Triggers

IFIF AMZN holds above $254.6 support and trades near $265 gamma pin → THEN buy the 2026-07-17 $270/$290 call spread in the $6.55-$8.0 range

IFIF AMZN stays above $254.6 and VIX below 20 → THEN sell the 2026-06-26 $245/$235 put spread in the $1.25-$1.53 range

Exit Triggers

EXITIF AMZN closes below $254.6 → THEN exit all bullish positions (call spread, put credit spread, risk reversal)

Tactical Summary

Bullish bias, target $275-$280. Use bull call spread main, put credit spread for income, risk reversal for aggressive. Invalidation $254.6. Adjust if resistance breaks or support fails.

How to Use These Reports

This directional reflects the market close on May 14, 2026.

What the reports do

Each report translates the same market-close options snapshot into a specific lens such as directional bias, premium-selling posture, flow quality, or earnings setup.

How traders use them

Reports are most useful for narrowing the playbook, surfacing entry and risk context, and deciding which raw data page to inspect next.

What to remember

These are interpretation layers, not execution guarantees. Validate the setup against chain liquidity, expected move, and exposure before sizing risk.

If the report conviction and the raw data disagree, slow down and resolve the mismatch before sizing risk.