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AMZN

Amazon.com, Inc.Close $270.13EOD only
Max Pain
$235.00
Next expiry May 15, 2026
Expected Move
±$5.46
2.0% from close
Price Gap
-35.13
Distance to max pain
IV Rank
63
High premium
P/C OI
0.59
Slightly call-heavy
Consensus
8.5/10
Bullish tilt
Published snapshot: May 13, 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
May 13, 2026 close
AMZN Earnings Report
Analysis based on market close May 14, 2026
DirectionalTheta GangFlowEarningsConsensus

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

Earnings Verdict

AMZN pinned near $268 with strong call skew. Bullish flow but resistance at $275. Event is weekly expiration, not earnings.

Confidence:
8 / 10
base 5; +2 GEX/flow strongly aligned; +1 GEX positive (pinning); -1 spot 13.7% from MP; +1 VIX 17
Most important: Gamma pinning at $265-$268; heavy 267.5 put/call activity suggests pinning to max pain.
📌Max pain at $265-$268; 267.5 is key pin level.
📈Low put/call ratio 0.36 reflects bullish sentiment.
🚧$275 resistance with 272.5C wall may cap upside.

Regime Classification

Vol Regime
Normal
Gamma Regime
Pinning
Flow Regime
Bullish
Spot vs MP
Above
Gamma flip: ~$200.00 — Approx — based on put OI concentration of 31,795 (25.2% below spot)

Earnings Overview

Next earnings: 2026-07-30 (77 days)explicit

Expected moves:

  • 2026-05-15 (1d): ±$3.88 (1.5%)
  • 2026-05-18 (4d): ±$5.35 (2.0%)
  • 2026-05-20 (6d): ±$7.78 (2.9%)

IV Setup

Term structure: Front-end elevated, 4d IV lower than 1d (~19% vs 29% annualized), implying near-term uncertainty.

Crush estimate: Post-expiry crush ~5-10% based on typical weekly decay.

Skew: Call skew elevated; P/C volume ratio 0.36, OI ratio 0.59 indicating call dominance.

Historical Context

Beat rate: 80% (4/5 quarters)

Avg move vs expected: N/A for earnings; beat rate 80% (4/5 quarters) suggests upside tendency.

Directional bias: Bullish given high beat rate and strong call flow.

Key Levels

1$200.00 gamma flip
2EM guardrails: 2d $263.34/$271.10; 1w $259.45/$275.00
3Max pain pins: $235 (2026-05-15); $265 (2026-05-18); $268 (2026-05-20)

Flow Highlights

Unusual call volume on 5/15 272.5C with 29,945 contracts vs OI 7,245 (vol/OI 4.1).

Aggressive upside positioning targeting $272.5 by Friday expiry.

Heavy put activity on 5/15 267.5P: 21,472 vol vs 4,966 OI.

Potential hedging or pinning play at $267.5, aligns with max pain.

Strategies

Iron Condor
Sell 2026-05-22 $255.00/$252.50 put wing and $275.00/$277.50 call wing
Credit: $0.77-$0.94
Max loss: $1.56
Max gain: $0.94
BE: 254.06 / 275.94
Trigger: Monitor pin action; close early if volatility spikes or price nears wings.
Only eligible candidate; profits from IV crush and pinning near max pain at $267.5.
Outperforms: Sells OTM put/call wings; expects spot in $252.50-$275.00 range.
Underperforms: Move outside short strikes invalidates range thesis.

Risk Assessment

!Resistance at $275 (call OI wall), support at $254.6 (put floor).
!Gamma flip at $200 based on put OI concentration.
!Spot 13.7% above mean price, extended rally risk.

What to Watch

?0DTE pin action near $267.5-$268.
?Breakout above $275 or breakdown below $265.
?Volume on 5/18 and 5/20 expiries for sustaining momentum.
How to Use These Reports
This earnings reflects the market close on May 14, 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.