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AMZN

Amazon.com, Inc.Close $227.01EOD only

Max Pain

$237.50

Next expiry Jun 26, 2026

Expected Move

±$4.15

1.8% from close

Price Gap

+10.49

Distance to max pain

IV Rank

Low premium

P/C OI

0.62

Slightly call-heavy

Consensus

7.0/10

Bullish tilt

Published snapshot: Jun 25, 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 25, 2026 close

AMZN Directional Report

Analysis based on market close June 26, 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 dealer gamma ($161.8M) and bullish flow, spot above max pain $232. Confidence 9/10. Risks: market weakness and resistance at $245.

Confidence:

9 / 10

Base 5; +2 GEX/flow aligned; +1 positive GEX pinning; +0.5 spot near MP; +0.5 VIX moderate.

Supports: Dealer gamma $+161.8M, bullish flow, spot above max pain $232.
Conflicts: SPY -0.72%, QQQ -1.38%, VIX 18.4.

🟢Gamma pinning near $232 supports price stability.

📈Bullish flow premium indicates call buying.

⚠️Market drag from SPY/QQQ selloff creates headwinds.

Regime Classification

Vol Regime

Normal

Normal vol, IV ~20% in line with 20d HV.

Gamma Regime

Pinning

Positive $161.8M GEX, no flip risk within 30% downside.

Flow Regime

Bullish

Bullish net premium flow, put/call ratio skewed bearish.

Spot vs Max Pain

Above

Spot $232.73, 0.3% above max pain $232, pinning bias.

Thesis duration: Multi-week — Positive dealer posture and bullish flow suggest sustained upward bias beyond near term.

Price Range Forecast

Next 2 days

$228.10$237.29

Test resistance $237.29.

Next 1 week

$228.42$236.97

Break above $237 opens $245.

Next 2 weeks

$220.27$245.12

Wider range $220-$245, upside bias.

Key Levels

Max pain pins: $230 (2026-06-26); $232 (2026-06-29); $232 (2026-07-01)

EM guardrails: 2d $228.10/$237.29; 1w $228.42/$236.97

Support: $230.00 · $220.27

Resistance: $245.12 · $250.00

Structural: Support $230 (max pain) and $220.27; resistance $245.12 and $250.

Dealer Positioning (GEX/DEX)

GEX: $+161.8M

DEX: +102.6M shares

Gamma flip: N/A

NTM gamma: Positive gamma $161.8M, DEX +102.6M shares, no flip proximity.

IV Analysis

IV vs VIX: IV ~20% vs VIX 18.4, slightly rich but justified by bullish skew.

Term structure: Upward sloping with kink near monthly expiry, reflecting event risk.

Skew: Skew puts cheaper than calls; consider bull call spread for defined risk.

Flow Analysis

Net premium: Net premium +$67M, P/C vol 0.58 (calls dominate).

Directional prints: 5.7 call 232.5 ITM 2026-06-26 — Vol 82.5k vs OI 4.6k (18x). Aggressive call buying, low IV 5.7% suggests high conviction. Bullish. 19.6 call 232.5 ITM 2026-06-29 — Vol 12.3k vs OI 881 (14x). Strong call buying for next week; bullish bet. 20.4 call 230 ITM 2026-06-29 — Vol 17k vs OI 1.2k (14x). Heavy ITM call buying; bullish speculation.

Unusual: 5.7 call 232.5 ITM 2026-06-26 — Low IV 5.7% vs other expiries 19-39%. Massive vol/OI 18x; unusual. 36.9 put 230 OTM 2026-06-26 — Vol 66.8k vs OI 6.2k (11x). Large put volume; likely hedging, not outright bearish. 35.8 put 227.5 OTM 2026-06-26 — Vol 38k vs OI 6.1k (6x). High put activity; downside hedging.

Risks & Catalysts

!Market selloff if SPY/QQQ weakness persists.

!Upside capped at $245 resistance and potential gamma flip.

!Earnings or macro event could disrupt pinning.

Strategy Viability

Strategy	Edge	Best Setup	Primary Risk
Bull call spread	Strong	Buy 2026-07-31 $245.00/$255.00 call spread Why now: Maximum profit at $245, defined risk, aligns with bullish bias and 9/10 confidence.	Upside capped at $245; market weakness could limit gains.
Put credit spread	Moderate-Strong	Sell 2026-07-31 $215.00/$210.00 put spread Why now: Defined-risk credit trade, exploits elevated IV, high probability of success.	If AMZN drops below $220, losses defined but significant; macro risk.

Top Plays

Bull Call Spread

Buy 2026-07-31 $245.00/$255.00 call spread

Long call spread targeting $245 resistance, capitalizing on bullish momentum.

Why this play: Directly aligns with bullish bias and strong gamma flow; defined risk and high confidence.

Debit: $2.25-$2.75

Max loss: $2.75

BE: $247.75

Mgmt: Exit if spot breaks $230.

Traders with high conviction on upside.

Put Credit Spread

Sell 2026-07-31 $215.00/$210.00 put spread

Selling put spread below support to collect premium with defined risk.

Why this play: Alternative income trade with high probability of success; uses elevated IV.

Credit: $1.04-$1.28

Max loss: $3.72

BE: $213.72

Mgmt: Close at 50% max profit or if spot falls below $230.

Income-focused traders seeking lower delta exposure.

Watchlist Triggers

Entry Triggers

IFAMZN holds above $230 support → Enter bull call spread: buy 2026-07-31 $245/$255 call spread at limit $2.50

IFAMZN holds above $230 support → Enter put credit spread: sell 2026-07-31 $215/$210 put spread at limit $1.15

Exit Triggers

EXITAMZN breaks below $230 invalidation → Exit all bullish positions immediately

Tactical Summary

Bullish bias (9/10). Support $230, resistance $245.12. Top plays: bull call spread targeting $245, put credit spread below support. Invalidation below $230.

How to Use These Reports

This directional reflects the market close on June 26, 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.