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AMZN

Amazon.com, Inc.Close $246.03EOD only

Max Pain

$255.00

Next expiry Jun 8, 2026

Expected Move

±$5.29

2.1% from close

Price Gap

+8.97

Distance to max pain

IV Rank

Middle-high premium

P/C OI

0.64

Slightly call-heavy

Consensus

5.0/10

Range bias

Published snapshot: Jun 5, 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 5, 2026 close

AMZN Directional Report

Analysis based on market close June 8, 2026

Directional Theta Gang Flow Earnings Consensus

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

Outlook

AMZN bullish drift toward $250 max pain, supported by pinning gamma and spot below MP, but mixed flow caps upside.

Confidence:

6 / 10

Base 5, -1 GEX/flow contradict, +1 pinning, +0.5 spot 1.9% below MP, +0.5 VIX 19; final 6.

Supports: Spot below MP, normal vol, pinning gamma.
Conflicts: Mixed flow, resistance at $250.

📌Spot at $245.4, 1.9% below Max Pain $250, pinning likely.

⚖️GEX +$33.9M but flow mixed, no strong directional edge.

Regime Classification

Vol Regime

Normal

Normal vol, VIX 18.9, no stress.

Gamma Regime

Pinning

Pinning gamma with GEX +$33.9M, max pain $250.

Flow Regime

Mixed

Mixed flow, no net premium bias.

Spot vs Max Pain

Below

Spot 1.9% below MP $250, bullish drift.

Thesis duration: Multi-week — Normal vol and gamma pinning suggest rangebound drift to $250.

Price Range Forecast

Next 2 days

$240.19$250.25

Drift to $250 expected.

Next 1 week

$236.60$253.85

Test $250 resistance.

Next 2 weeks

$233.15$257.30

Mixed flow caps upside; need catalyst to break $250.

Key Levels

Max pain pins: $250 (2026-06-08); $252 (2026-06-10); $255 (2026-06-12)

EM guardrails: 2d $240.19/$250.25; 1w $236.60/$253.85

Support: $233.15

Resistance: $250.00 · $257.30 · $260.00

Structural: Support $233.15; resistance $250 (MP), $257.3, $260. Guardrails: 2d $240.19/$250.25, 1w $236.60/$253.85.

Dealer Positioning (GEX/DEX)

GEX: $+33.9M

DEX: +109.7M shares

Gamma flip: N/A

NTM gamma: GEX +$33.9M, DEX +109.7M shares; no gamma flip.

IV Analysis

IV vs VIX: IV inline with VIX, no rich/cheap signal.

Term structure: Flat structure, no event kinks.

Skew: Neutral skew; no actionable vol trade.

Flow Analysis

Net premium: Net premium -$45M bearish; P/C vol ratio 0.66 calls but net negative implies costly puts.

Directional prints: 2.3 put 245 OTM 2026-06-08 — 245P 06/08 vol 42.9k/OI 2.2k (19.8x); likely bought bearish. 68.9 put 265 ITM 2026-06-10 — 265P 06/10 vol 2k/OI 209 (9.8x); high IV hedging bearish. 9 call 247.5 OTM 2026-06-08 — 247.5C 06/08 vol 51.4k/OI 1.2k (43.8x); possibly sold, bearish read.

Unusual: 5 call 245 ITM 2026-06-08 — 245C 06/08 vol 35.4k/OI 488 (72.5x); extreme OTM call buying. 16.4 call 250 OTM 2026-06-08 — 250C 06/08 vol 38.4k/OI 2.4k (15.9x); heavy OTM call trade. 57 call 225 ITM 2026-06-12 — 225C 06/12 vol 2k/OI 129 (15.6x); deep ITM call interest.

Risks & Catalysts

!Break below $240 support.

!VIX spike above 20.

!Flow turns net bearish.

Strategy Viability

Strategy	Edge	Best Setup	Primary Risk
Put credit spread	Moderate-Strong	Sell 2026-08-21 $235.00/$230.00 put spread Why now: Defined-risk premium harvest with pinning gamma at $240 support.	Break below $240 support.
Bull call spread	Moderate	Buy 2026-08-21 $250.00/$255.00 call spread Why now: Defined-risk bullish position capitalizing on drift toward max pain.	Time decay and limited upside.

Top Plays

Bull Call Drift

Buy 2026-08-21 $250.00/$255.00 call spread

Capitalizes on bullish pinning and positive gamma.

Why this play: Directly targets drift to $250 max pain with defined risk.

Debit: $1.89-$2.31

Max loss: $2.31

BE: $252.31

Mgmt: Exit near $250 or at 50% gain.

Traders seeking upside with limited risk.

Put Credit Support

Sell 2026-08-21 $235.00/$230.00 put spread

Benefits from pinning gamma preventing breakdown.

Why this play: Harvests premium at $240 support with defined risk.

Credit: $1.67-$2.04

Max loss: $2.96

BE: $232.96

Mgmt: Manage if spot breaks $235.

Income-focused traders expecting sideways drift.

Watchlist Triggers

Entry Triggers

IFIF AMZN holds above $240.19 (2d guardrail) with bullish momentum → Buy 2026-08-21 $250/$255 call spread near $1.89-$2.31

IFIF AMZN stays above $233.15 support and VIX below 20 → Sell 2026-08-21 $235/$230 put spread near $1.67-$2.04

Adjustment Triggers

ADJIF AMZN breaks below $235 → Manage or close put credit spread

Exit Triggers

EXITIF AMZN reaches $250 resistance or 50% gain on bull call → Close bull call spread

Tactical Summary

AMZN bullish drift toward $250 max pain, support at $233.15. Enter bull call on hold above $240.19; enter put credit on support holds. Exit bull call near $250 or 50% gain; adjust put credit below $235.

How to Use These Reports

This directional reflects the market close on June 8, 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.