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AMZN

Amazon.com, Inc.Close $250.02EOD only

Max Pain

$265.00

Next expiry Jun 5, 2026

Expected Move

±$5.50

2.2% from close

Price Gap

+14.98

Distance to max pain

IV Rank

Middle-high premium

P/C OI

0.64

Slightly call-heavy

Consensus

9.0/10

Bullish tilt

Published snapshot: Jun 3, 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

Jun 3, 2026 close

AMZN Directional Report

Analysis based on market close June 4, 2026

Directional Theta Gang Flow Earnings Consensus

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

Outlook

Bullish bias: positive GEX pinning, bullish flow, spot at max pain, low VIX. Dealer positioning supports drift to upper range. Key support $241.61, resistance $255/$265.96. High confidence.

Confidence:

9 / 10

GEX/flow aligned, GEX positive pinning, spot near MP, VIX 15.

Supports: Strong positive dealer gamma, bullish flow, spot at MP, low VIX.
Conflicts: QQQ negative on day; $255 resistance may slow upside.

🟢Strong GEX pin at $255 across expiries

📈Bullish flow net premium positive

⚠️QQQ negative; monitor for contagion

Regime Classification

Vol Regime

Normal

Vol normal; VIX 15 suggests calm environment.

Gamma Regime

Pinning

Positive $183.7M GEX creates pinning force, no near flip risk.

Flow Regime

Bullish

Bullish flow; net buying dominates.

Spot vs Max Pain

Spot at $255 max pain, strong pin.

Thesis duration: Event-specific — Multiple expiries with OI concentration at $255; dealer hedging dominant.

Price Range Forecast

Next 2 days

$250.15$257.43

Test $257.43; support $250.15.

Next 1 week

$246.45$261.12

Target $261.12; risk $246.45 if $255 fails.

Next 2 weeks

$241.61$265.96

Resistance $265.96; support $241.61.

Key Levels

Max pain pins: $255 (2026-06-05); $255 (2026-06-08); $255 (2026-06-10)

EM guardrails: 2d $250.15/$257.43; 1w $246.45/$261.12

Support: $241.61

Resistance: $255.00 · $265.96 · $270.00

Structural: Support $241.61; resistance $255, $265.96, $270. No gamma flip.

Dealer Positioning (GEX/DEX)

GEX: $+183.7M

DEX: +115.7M shares

Gamma flip: N/A

NTM gamma: GEX +$183.7M, DEX +115.7M shares; no gamma flip risk.

IV Analysis

IV vs VIX: No ticker-specific IV data; VIX at 15 indicates low-vol environment.

Term structure: Term structure data not available.

Skew: Skew data not available; no actionable opportunity identified.

Flow Analysis

Net premium: Net premium positive ($41.7M), calls dominate with P/C volume 0.47, OI 0.64, indicating bullish flow.

Directional prints: 24.8 call 255 OTM 2026-06-05 — Vol 58,954 vs OI 9,233 (6.4x), aggressive call buying for weekly expiry; bought likely, bullish momentum bet. 26.4 call 260 OTM 2026-06-05 — Vol 29,383 vs OI 8,303 (3.5x), new call positions; bought likely, speculative upside play.

Unusual: 37.8 call 240 ITM 2026-06-12 — Vol/OI 14.7, massive ITM call buying; possible bullish repositioning or covering, but aggressive. 41.9 call 235 ITM 2026-06-12 — Vol/OI 14.0, similar ITM call sweep; bought likely, but may include spread activity. 42 put 275 ITM 2026-06-10 — Vol/OI 9.3, out-of-money put buying; likely hedging or bearish bet, but volume modest.

Risks & Catalysts

!QQQ negative on day may spill over

!Resistance at $255 may stall upside

!Broader market reversal from low vol regime

Strategy Viability

Strategy	Edge	Best Setup	Primary Risk
Bull call spread	Moderate-Strong	Buy 2026-06-26 $255.00/$270.00 call spread Why now: Captures immediate upside momentum with defined risk. Near-term 22 DTE aligns with expected 1-week breakout before earnings.	Max loss if stock fails to rally above short strike by expiration. Premium debited is at risk.
Put credit spread	Strong	Sell 2026-07-17 $235.00/$220.00 put spread Why now: Sell put credit spread below key support to collect premium with defined risk. 43 DTE covers pre-earnings drift and pinning.	If stock drops below $235, max loss occurs. Potential gap risk.
Bullish risk reversal	Moderate-Strong	Buy 2026-08-21 $260.00 call / sell 2026-08-21 $225.00 put Why now: Replaces outright share ownership with leveraged upside and defines risk via sold put. 78 DTE captures earnings and follow-through.	Unlimited losses if stock drops dramatically (short put assigned). Cap upside via short call? No, this is risk reversal (no short call).

Top Plays

Bull Call Spread

Buy 2026-06-26 $255.00/$270.00 call spread

Expresses bullish breakout above $255 resistance with limited loss.

Why this play: Best captures 1-week breakout upside with defined risk, aligns with bullish flow.

Debit: $4.37-$5.33

Max loss: $5.33

BE: $260.33

Mgmt: Exit near resistance or after 1 week; stop if below $241.61.

Aggressive short-term traders seeking momentum.

Put Credit Spread

Sell 2026-07-17 $235.00/$220.00 put spread

Expresses belief spot stays above $235, generating income.

Why this play: Collects premium below support, benefits from pinning and low volatility.

Credit: $1.94-$2.37

Max loss: $12.63

BE: $232.63

Mgmt: Hold to expiration or close if spot breaks below $241.61.

Income-focused traders.

Bullish Risk Reversal

Buy 2026-08-21 $260.00 call / sell 2026-08-21 $225.00 put

Replaces long stock with synthetic long, leveraging bullish thesis.

Why this play: Leveraged upside with unlimited gain potential, suitable for longer hold through earnings.

Debit: $9.02-$11.03

Max loss: $225.00

BE: $225.00

Mgmt: Roll or close after earnings; monitor sold put if spot declines.

Aggressive traders seeking leverage.

Watchlist Triggers

Entry Triggers

IFAMZN price breaks and holds above $255 resistance → Buy the 2026-06-26 $255/$270 call spread

IFAMZN price stays above $241.61 and below $255 in low vol environment → Sell the 2026-07-17 $235/$220 put spread

IFAMZN price breaks above $255 with sustained momentum for 2+ days → Initiate the 2026-08-21 $260 call / $225 put risk reversal

Exit Triggers

EXITAMZN price drops below $241.61 support → Close all open positions immediately (call spread, put spread, risk reversal)

Tactical Summary

Bullish on AMZN: support $241.61, resistance $255/$265.96. Low VIX, positive flow, and max pain pinning favor drift to upper range. Key catalyst: breakout above $255 for 1-week upside. Use bull call spread for defined-risk breakout, put credit spread for income below support, and risk reversal for leveraged hold through earnings. Risk: broader market reversal or QQQ spillover.

How to Use These Reports

This directional reflects the market close on June 4, 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.