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AMZN

Amazon.com, Inc.Close $250.02EOD only
Max Pain
$265.00
Next expiry Jun 5, 2026
Expected Move
±$5.50
2.2% from close
Price Gap
+14.98
Distance to max pain
IV Rank
37
Middle-high premium
P/C OI
0.64
Slightly call-heavy
Consensus
9.0/10
Bullish tilt
Published snapshot: Jun 3, 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 3, 2026 close
AMZN Earnings Report
Analysis based on market close June 4, 2026
DirectionalTheta GangFlowEarningsConsensus

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

Earnings Verdict

AMZN 56 days from earnings; strong bullish flow with call OI wall $270-$370. Max pain $255 pins spot. IV term structure upward sloping.

Confidence:
9 / 10
base 5; +2 GEX/flow strongly aligned; +1 GEX positive (pinning); +1 spot 0.5% from MP; +1 VIX 15
Most important: Call OI wall $270-$370 and max pain $255 are key structural levels.
🟢Heavy call buying at $255 and $257.5 for 6/5 expiry - bullish pinning sentiment.
⚠️Call OI wall $270-$370 may act as resistance in coming weeks.
📊Historical beat rate 80% supports bullish bias ahead of Q3 earnings.

Regime Classification

Vol Regime
Normal
Gamma Regime
Pinning
Flow Regime
Bullish
Spot vs MP
At

Earnings Overview

Next earnings: 2026-07-30 (56 days)explicit

Expected moves:

  • 2026-06-05 (1d): ±$3.64 (1.4%)
  • 2026-06-08 (4d): ±$5.27 (2.1%)
  • 2026-06-10 (6d): ±$7.34 (2.9%)

IV Setup

Term structure: Upward sloping: 1d IV ~24%, 4d ~25%, 6d ~26%.

Crush estimate: N/A - earnings 56 days away; no near-term crush.

Skew: Puts slightly elevated at 275 strike (IV 42%) vs calls (IV 25-30%), but overall call bias dominates.

Historical Context

Beat rate: 80% (4/5 quarters)

Avg move vs expected: Not provided; historical beat rate 80% suggests bullish directional bias.

Directional bias: Bullish based on 80% beat rate.

Key Levels

1EM guardrails: 2d $250.15/$257.43; 1w $246.45/$261.12
2Max pain pins: $255 (2026-06-05); $255 (2026-06-08); $255 (2026-06-10)

Flow Highlights

Unusual call volume: 30667 contracts at $257.5C and 58954 at $255C for 6/5 expiry.

Aggressive call buying near max pain, indicating bullish conviction for weekly pinning.

Deep ITM calls ($240C, $235C) with high vol/OI ratios (14.7, 14.0).

Likely synthetic long positions or large directional bets, supporting bullish sentiment.

Strategies

Bull Call Spread
Buy 2026-08-21 $250.00/$260.00 call spread
Debit: $4.30-$5.25
Max loss: $5.25
Max gain: $4.75
BE: $255.25
Trigger: Adjust if spot breaks invalidation or nears $270 resistance.
Only eligible candidate; bullish earnings bias with 80% beat rate.
Outperforms: Buy $250/$260 call spread through Aug 21 expiry, capturing post-earnings move.
Underperforms: Loss of support weakens upside continuation thesis.

Risk Assessment

!Resistance at $270-$370 call OI wall could cap upside.
!Max pain $255 may act as magnet but heavy call buying suggests potential pinning above.
!Volatility expansion from VIX 15 could lead to sharp moves.

What to Watch

?Max pain $255 and open interest at strikes $252.5-$260 for pinning.
?Gamma flip if spot breaks above $270 call wall.
?Weekly expirations (6/5, 6/8, 6/10) for IV decay dynamics.
How to Use These Reports
This earnings reflects the market close on June 4, 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.