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AMZN

Amazon.com, Inc.Close $246.02EOD only

Max Pain

$240.00

Next expiry Jun 17, 2026

Expected Move

±$5.13

2.1% from close

Price Gap

-6.02

Distance to max pain

IV Rank

High premium

P/C OI

0.65

Slightly call-heavy

Consensus

8.5/10

Bullish tilt

Published snapshot: Jun 15, 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 15, 2026 close

AMZN Directional Report

Analysis based on market close June 16, 2026

Directional Theta Gang Flow Earnings Consensus

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

Outlook

Bullish. Strong +$180M GEX pinning, bullish flow, spot above $240 max pain supports upside toward $250-$256. Vol normal, VIX 16 supportive. Broader tech weakness is a risk but temporary given AMZN-specific dealer positioning.

Confidence:

9 / 10

Base 5 +2 GEX/flow aligned +1 GEX positive pinning +1 low VIX = 9. GEX/flow alignment strongest.

Supports: $180M GEX, bullish put/call flow, spot above $240 pin, VIX 16
Conflicts: QQQ -1.9% drag, SPY -0.6% weak tape

🚀$180M GEX and bullish flow pinning spot higher

⚡Max pain $240, spot $247 — support holds

⚠️Tech weakness may cap upside near $250 resistance

Regime Classification

Vol Regime

Normal

Normal. IV in line with historical range, VIX 16 modest.

Gamma Regime

Pinning

Pinning. $180M positive GEX, no flip risk within 30% below spot.

Flow Regime

Bullish

Bullish. Net premium positive, put/call ratio skewed calls.

Spot vs Max Pain

Above

Above. Spot ~$247 vs max pain $240, bullish divergence.

Thesis duration: Multi-week — Strong GEX and liquid flow not tied to a single event; structural dealer hedging supports sustained drift.

Price Range Forecast

Next 2 days

$242.31$249.69

Support $242.31, resistance $249.69. Pin toward $249.

Next 1 week

$239.21$252.79

Range $239-253, bias higher with GEX support.

Next 2 weeks

$235.75$256.25

Range $236-256, target $256 if tech recovers.

Key Levels

Max pain pins: $240 (2026-06-17); $225 (2026-06-18); $240 (2026-06-22)

EM guardrails: 2d $242.31/$249.69; 1w $239.21/$252.79

Support: $240.00 · $235.75

Resistance: $250.00 · $256.25 · $260.00

Structural: Support $240 (max pain), $236 (2w low). Resistance $250 (call wall), $256 (2w high). Gamma flip none.

Dealer Positioning (GEX/DEX)

GEX: $+180.0M

DEX: +110.3M shares

Gamma flip: N/A

NTM gamma: GEX +$180M (strong pinning), DEX +110M shares (long gamma bullish). No flip risk.

IV Analysis

IV vs VIX: Normal. AMZN IV inline with VIX 16; no relative richness/cheapness, supportive for bullish positioning.

Term structure: Typical contango skew; no event kinks identified in near-term expiries. Near-term structure stable.

Skew: No actionable skew imbalance; OTM call and put premiums balanced. No clear vol arb opportunity.

Flow Analysis

Net premium: Net positive $17.7M with P/C vol ratio 0.45, strong call buying, bullish bias.

Directional prints: 26 call 247.5 OTM 6/17 — Vol/OI 13.9x, OTM call buying, bullish. 26.1 call 250 OTM 6/17 — Vol/OI 12.3x, OTM call buying, bullish. 24.3 put 245 OTM 6/17 — Vol/OI 15.9x, ITM put, likely sold as hedge, neutral-bullish.

Unusual: 24.4 put 247.5 ITM 6/17 — Vol/OI 25.5x, ITM put unusual, possible bearish hedge or closing. 83 call 227.5 ITM 6/17 — Vol/OI 12.3x, deep ITM call with high IV, unusual.

Risks & Catalysts

!Broader tech selloff accelerates (QQQ -1.9% already)

!Spot breaks below $240 max pain

!VIX spike above 20

Strategy Viability

Strategy	Edge	Best Setup	Primary Risk
Bull call spread	Moderate-Strong	Buy 2026-08-21 $240.00/$255.00 call spread Why now: Bullish bias with defined risk; OTM call buying and dealer hedging favor upside.	Spot breaks below $240 max pain leads to max loss.
Bullish risk reversal	Moderate	Buy 2026-08-21 $250.00 call / sell 2026-08-21 $240.00 put Why now: Bullish but cheaper than long call; short put premium offsets call cost.	Sharp drop below $240 catches short put, large loss.
Long call	Moderate-Strong	Buy 2026-08-21 $250.00 call Why now: Unusual OTM call buying and strong flow suggest upside continuation.	Time decay if stock stalls; broader tech selloff cap.
Put credit spread	Moderate	Sell 2026-08-21 $240.00/$230.00 put spread Why now: Bullish-neutral with high probability; IV normal supports premium collection.	Breach of $240 leads to max loss; tech weakness could accelerate.

Top Plays

Bull Call Spread

Buy 2026-08-21 $240.00/$255.00 call spread

Buy $240/$255 call spread to profit from moderate upside with capped risk.

Why this play: Best balances bullish bias with defined risk; OTM call buying supports upside to $255.

Debit: $6.55-$8.00

Max loss: $8.00

BE: $248.00

Mgmt: Exit if spot falls below $240; take profit near $255 or before earnings.

Traders seeking defined-risk bullish exposure.

Put Credit Spread

Sell 2026-08-21 $240.00/$230.00 put spread

Sell $240/$230 put spread to collect premium expecting support above $240.

Why this play: High probability bullish-neutral play; premium collection with defined risk.

Credit: $3.35-$4.10

Max loss: $5.90

BE: $235.90

Mgmt: Roll if spot approaches $240; close at 50% of max gain.

Traders preferring high probability trades with limited gain.

Bullish Risk Reversal

Buy 2026-08-21 $250.00 call / sell 2026-08-21 $240.00 put

Buy call and sell put to finance upside with potential unlimited loss if spot drops.

Why this play: Cheaper than long call, but carries unlimited downside risk; suits aggressive bullish view.

Debit: $2.70-$3.30

Max loss: $240.00

BE: $240.00

Mgmt: Monitor closely; hedge or close if spot nears $240.

Aggressive traders confident spot stays above $240.

Watchlist Triggers

Entry Triggers

IFIF spot holds above $240 and volume confirms → THEN enter AMZN-1 bull call spread (buy $240/$255 call spread) or AMZN-4 put credit spread (sell $240/$230 put spread)

Adjustment Triggers

ADJIF spot reaches $250 with bullish momentum → THEN consider taking partial profit on AMZN-2 risk reversal or rolling short put to higher strike

Exit Triggers

EXITIF spot breaks below $240 → THEN close all bullish positions (AMZN-1, AMZN-2, AMZN-4) to limit loss

Tactical Summary

Bullish bias favoring defined-risk spreads (AMZN-1, AMZN-4) for multi-week upside toward $250-$256; invalidate below $240.

How to Use These Reports

This directional reflects the market close on June 16, 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.