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AMZN

Amazon.com, Inc.Close $244.16EOD only
Max Pain
$240.00
Next expiry Jul 8, 2026
Expected Move
±$5.46
2.2% from close
Price Gap
-4.16
Distance to max pain
IV Rank
19
Low premium
P/C OI
0.62
Slightly call-heavy
Consensus
8.5/10
Bullish tilt
Published snapshot: Jul 6, 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
Jul 6, 2026 close
AMZN Earnings Report
Analysis based on market close May 22, 2026
DirectionalTheta GangFlowEarningsConsensus

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

You are viewing an older report from May 22, 2026. A newer earnings report is available for June 29, 2026.

View latest report

Earnings Verdict

AMZN bullish flow with high confidence, supported by call-heavy volumes and positive gamma. Weekly pin at $262 may cap near-term upside.

Confidence:
9 / 10
base 5; +2 GEX/flow strongly aligned; +1 GEX positive (pinning); +0.5 spot 1.5% from MP; +1 VIX 17
Most important: Aggressive call buying in weekly expirations, especially 5/26 $270, indicates strong bullish sentiment ahead of expiration.
📈Call vol ratio 0.34, massive bullish flow.
⚠️Net premium $106M positive, but gamma pin at $262 may cap.
📊Historical beat rate 80% (4/5 quarters).

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 31,870 (24.9% below spot)

Earnings Overview

Next earnings: 2026-07-30 (69 days)explicit

Expected moves:

  • 2026-05-26 (4d): ±$4.15 (1.6%)
  • 2026-05-27 (5d): ±$2.28 (0.9%)
  • 2026-05-29 (7d): ±$7.65 (2.9%)

IV Setup

Term structure: Front-week elevated (16-25% IV), back-week lower; VIX 16.7.

Crush estimate: Post-weekly expiry crush expected, not earnings-driven.

Skew: Put/call vol ratio 0.34, slight put premium skew but call volume dominates.

Historical Context

Beat rate: 80% (4/5 quarters)

Avg move vs expected: 80% beat rate suggests positive surprises historically.

Directional bias: Bullish given beat rate and current flow.

Key Levels

1$200.00 gamma flip
2EM guardrails: 1w $264.05/$268.60
3Max pain pins: $262 (2026-05-22); $262 (2026-05-26); $262 (2026-05-27)

Flow Highlights

Massive 5/26 $270 call buying: vol 24k vs OI 1.8k, vol/OI 13.7.

Aggressive bullish positioning for weekly expiry.

5/22 $267.5 put buying: vol 24.8k vs OI 4k, vol/OI 6.1.

Hedging ahead of same-day expiration.

Strategies

Risk Assessment

!Gamma pinning at $262 may limit upside.
!Call OI congestion at $270-$290 resistance.
!Put floor at $200, far from spot.
!VIX 16.7 suggests complacency.

What to Watch

?5/26 $270 call OI for gamma squeeze.
?Spot break above $268.60 EM guardrail.
?5/22 expiration pin action.
How to Use These Reports
This earnings reflects the market close on May 22, 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.