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AMZN

Amazon.com, Inc.Close $265.01EOD only
Max Pain
$260.00
Next expiry May 22, 2026
Expected Move
±$5.47
2.1% from close
Price Gap
-5.01
Distance to max pain
IV Rank
12
Low premium
P/C OI
0.58
Slightly call-heavy
Consensus
8.5/10
Bullish tilt
Published snapshot: May 20, 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 20, 2026 close
AMZN Earnings Report
Analysis based on market close May 20, 2026
DirectionalTheta GangFlowEarningsConsensus

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

Earnings Verdict

Bullish short-term sentiment with heavy call buying and gamma pin at $260, but earnings 71 days out.

Confidence:
9 / 10
base 5; +2 GEX/flow strongly aligned; +1 GEX positive (pinning); +0.5 spot 1.9% from MP; +1 VIX 17
Most important: Aggressive 0DTE call volume at $262.5 and $265 signals bullish bias into expiration.
📈Massive call buying at $262.5 and $265 on 0DTE skews bullish.
⚠️Put OI at $260 creates gamma floor but limits upside if pin holds.

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 31,906 (24.5% below spot)

Earnings Overview

Next earnings: 2026-07-30 (71 days)explicit

Expected moves:

  • 2026-05-22 (2d): ±$5.47 (2.1%)
  • 2026-05-26 (6d): ±$7.15 (2.7%)
  • 2026-05-27 (7d): ±$7.95 (3.0%)

IV Setup

Term structure: Front-end IV elevated for weekly expirations, flattening at longer tenors.

Crush estimate: No earnings crush expected; minor theta decay post-expiration.

Skew: Call skew elevated; put skew low due to heavy call demand.

Historical Context

Beat rate: 80% (4/5 quarters)

Avg move vs expected: Not applicable for this earnings cycle.

Directional bias: Historical beat rate 80% suggests bullish bias.

Key Levels

1$200.00 gamma flip
2EM guardrails: 2d $259.54/$270.49; 1w $257.86/$272.16
3Max pain pins: $260 (2026-05-20); $260 (2026-05-22); $260 (2026-05-26)

Flow Highlights

Unusual call volume on 2026-05-20 $265 strike (109,127 vol vs 9,692 OI, 11.3x).

Aggressive bullish positioning, likely delta-hedging or directional bet.

Put OI concentration at $260 (31,906 contracts) acting as support.

Gamma pin expected; spot likely to stay near $260 through expiration.

Strategies

Risk Assessment

!Gamma pin at $260 may cap upside if spot remains pinned.
!Short-dated call IV compression near expiration could lead to rapid decay.
!Earnings tail risk 71 days out not priced in near-term options.

What to Watch

?Spot price action relative to $260 pin and resistance at $265.
?Volume and OI changes on $265 and $262.5 calls ahead of expiration.
?Any put buying as hedge at $257 or lower levels.
How to Use These Reports
This earnings reflects the market close on May 20, 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.