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AMZN

Amazon.com, Inc.Close $238.55EOD only

Max Pain

$240.00

Next expiry Jun 15, 2026

Expected Move

±$4.50

1.9% from close

Price Gap

+1.45

Distance to max pain

IV Rank

Middle-high premium

P/C OI

0.65

Slightly call-heavy

Consensus

7.0/10

Bullish tilt

Published snapshot: Jun 12, 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 12, 2026 close

AMZN Directional Report

Analysis based on market close June 15, 2026

Directional Theta Gang Flow Earnings Consensus

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

Outlook

Bullish bias driven by strong bullish flow and positive dealer gamma pinning spot above max pain. Expect drift toward resistance at $250 within range, supported by pinning to $238-$240.

Confidence:

8.5 / 10

Base 5 +2 GEX/flow alignment +1 pinning -0.5 proximity to MP +1 low VIX = 8.5

Supports: Bullish flow, positive $198.9M GEX, spot above MP ($238), low VIX 16.2
Conflicts: Spot near upper 2d guardrail $251.16, resistance at $250, broader market rally may stall

📈Flow and GEX strongly aligned bullish

📌Max pain pinning $238-$240 provides support

⚠️Spot at top of 2d range near resistance

Regime Classification

Vol Regime

Normal

Normal vol regime; VIX 16.2 relatively low, supporting orderly drift.

Gamma Regime

Pinning

Pinning regime with +$198.9M GEX; spot above MP attracts dealers to hedge upside.

Flow Regime

Bullish

Bullish flow with net premium bias; put/call ratio favors calls.

Spot vs Max Pain

Above

Spot $246 above max pain $238; bullish skew as spot holds above key strike.

Thesis duration: Event-specific — Max pain pinning to specific dates (6/15, 6/17, 6/18) suggests short-term event-driven positioning.

Price Range Forecast

Next 2 days

$240.89$251.16

Support at $240.89, resistance $251.16; momentum favors upper half

Next 1 week

$238.54$253.51

Range $238.54-$253.51; pinning bias pushes toward resistance

Next 2 weeks

$233.17$258.87

Wider range $233.17-$258.87; upside potential if $250 breaks

Key Levels

Max pain pins: $238 (2026-06-15); $240 (2026-06-17); $225 (2026-06-18)

EM guardrails: 2d $240.89/$251.16; 1w $238.54/$253.51

Support: $237.50 · $233.17

Resistance: $250.00 · $258.87 · $260.00

Structural: Max pain $238 (6/15), $240 (6/17), $225 (6/18). Support $237.5, $233.17. Resistance $250, $258.87, $260. EM guardrails: 2d $240.89-$251.16, 1w $238.54-$253.51.

Dealer Positioning (GEX/DEX)

GEX: $+198.9M

DEX: +111.6M shares

Gamma flip: N/A

NTM gamma: GEX +$198.9M, DEX +111.6M shares; no gamma flip; dealers long gamma provide stability.

IV Analysis

IV vs VIX: IV near VIX 16.2, slightly elevated due to event but within normal regime.

Term structure: Front-end vols elevated near expiration (6/15, 6/17, 6/18) reflecting event uncertainty; backwardation suggests near-term pinning.

Skew: Put skew elevated on event strikes (e.g., $240) due to hedging activity; no actionable opportunity given thesis focus.

Flow Analysis

Net premium: Net call premium $68.3M, put/call vol ratio 0.45, strong bullish flow.

Directional prints: 6.3 call 247.5 OTM 2026-06-15 — Vol 93k/OI 2.4k (38.5x), likely bought, bullish. 14.1 call 250 OTM 2026-06-15 — Vol 44.5k/OI 2.6k (16.9x), likely bought, adds upside bias.

Unusual: 4.6 put 245 OTM 2026-06-15 — Vol/OI 168x, deep OTM put at $0.01, likely sold as premium. 14 put 247.5 ITM 2026-06-15 — Vol/OI 39x, OTM put, likely sold hedging call buying. 45 call 220 ITM 2026-06-17 — Vol/OI 18x, deep ITM call, IV elevated, likely bought as volatility play.

Risks & Catalysts

!Spot fails to hold above max pain $238, invalidating bullish pinning support.

!Broader market reversal (QQQ/SPY) could pressure AMZN below guardrails.

!Resistance at $250 holds, leading to range-bound consolidation or pullback.

Strategy Viability

Strategy	Edge	Best Setup	Primary Risk
Bull call spread	Moderate	Buy 2026-06-18 $250.00/$252.50 call spread Why now: Strong bullish flow and positive dealer gamma support near-term upward bias; earnings catalyst could cause move higher.	If spot fails to hold $238, spread loses value; time decay if drift slower.
Put credit spread	Moderate	Sell 2026-06-18 $237.50/$235.00 put spread Why now: Max pain pinning and call flow suggest spot stays above $238; collect premium with defined risk below support.	If spot breaks below $235, spread incurs max loss; tail risk of broad market sell-off.

Top Plays

Bull Call Spread

Buy 2026-06-18 $250.00/$252.50 call spread

Buy $250/$252.50 call spread to capture upside drift with defined risk

Why this play: Highest probability of profit given strong bullish flow and positive dealer gamma; earnings catalyst could drive spot to $250+

Debit: $0.57-$0.69

Max loss: $0.69

BE: $250.69

Mgmt: Exit if spot breaks below $237.5 or target $252.50 reached

Aggressive traders expecting a breakout above resistance

Put Credit Spread

Sell 2026-06-18 $237.50/$235.00 put spread

Sell $237.5/$235 put spread to benefit from spot staying above $238

Why this play: Collects premium while aligning with max pain pinning; defined risk below support

Credit: $0.18-$0.23

Max loss: $2.27

BE: $237.27

Mgmt: Manage if spot nears $238; exit at 50% max profit or if invalidation hits

Income-focused traders comfortable with range-bound outlook

Watchlist Triggers

Entry Triggers

IFIF spot holds above $238 max pain and trends toward $240 → Enter 2026-06-18 $250/$252.5 call spread (bull_call_spread_1) for $0.57-$0.69

IFIF spot remains above $237.5 support and consolidates → Sell 2026-06-18 $237.5/$235 put spread (put_credit_spread_1) for $0.18-$0.23 credit

Exit Triggers

EXITIF spot breaks below $237.5 support → Exit bull call spread and put credit spread positions

Tactical Summary

Bullish drift toward $250 supported by max pain pinning; prefer bull call spread entry on strength, exit if support breaks.

How to Use These Reports

This directional reflects the market close on June 15, 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.