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AMZN

Amazon.com, Inc.Close $244.19EOD only
Max Pain
$245.00
Next expiry Jun 10, 2026
Expected Move
±$3.94
1.6% from close
Price Gap
+0.81
Distance to max pain
IV Rank
45
Middle-high premium
P/C OI
0.67
Slightly call-heavy
Consensus
6.5/10
Neutral tilt
Published snapshot: Jun 9, 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 9, 2026 close
AMZN Earnings Report
Analysis based on market close June 10, 2026
DirectionalTheta GangFlowEarningsConsensus

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

Earnings Verdict

AMZN next earnings far out (~475d). IV elevated long-dated. Beat rate 80%. Flow mixed, net premium negative. Spot below MP. Call OI wall $250-$350. Confidence base 5.

Confidence:
5 / 10
base 5; -1 GEX/flow contradict; +1 GEX positive (pinning)
Most important: Beat rate 80%; call wall $250; long-dated IV; bullish historical bias.
📈Beat rate 80% (4/5) — bullish consistency.
📌Gamma pinning likely at $245; put activity suggests support.
⚠️Macro headwinds: SPY/QQQ down, VIX 22.2.

Regime Classification

Vol Regime
Normal
Gamma Regime
Pinning
Flow Regime
Mixed
Spot vs MP
Below

Earnings Overview

Next earnings: 2026-07-30 (50 days)explicit

Expected moves:

  • 2026-06-12 (2d): ±$5.75 (2.4%)
  • 2026-06-15 (5d): ±$7.18 (3.0%)
  • 2026-06-17 (7d): ±$9.22 (3.9%)

IV Setup

Term structure: Long-dated elevated, front-month lower (earnings far out).

Crush estimate: Minimal crush expected given long timeframe.

Skew: Slightly put-biased.

Historical Context

Beat rate: 80% (4/5 quarters)

Avg move vs expected: Average move ±6% vs expected ±5% historically.

Directional bias: Bullish, 80% beat rate.

Key Levels

1EM guardrails: 2d $232.25/$243.75; 1w $230.82/$245.18
2Max pain pins: $245 (2026-06-10); $250 (2026-06-12); $250 (2026-06-15)

Flow Highlights

Elevated put volume at $240/$237.5 strikes.

Market makers hedging delta; potential pinning near these levels.

Call OI wall at $250-$350.

Resistance at $250; upside cap.

Strategies

Long Straddle
Buy 2026-08-21 $245.00 put + buy $245.00 call
Debit: $28.87-$35.28
Max loss: $35.28
Max gain: Unlimited
BE: 209.72 / 280.28
Trigger: Monitor IV; close after crush or adjust if spot moves near strikes.
Direct capture of expected large move; 80% beat rate and elevated long-dated IV.
Outperforms: Buy at-the-money straddle to profit from significant earnings move.
Underperforms: Under-realized move and IV crush hurt long-vol thesis.
Long Strangle
Buy 2026-08-21 $225.00 put + buy $265.00 call
Debit: $14.60-$17.85
Max loss: $17.85
Max gain: Unlimited
BE: 207.15 / 282.85
Trigger: Manage if spot approaches strike; roll if necessary.
Cheaper alternative with wide strikes; still benefits from large move.
Outperforms: Out-of-the-money put and call to profit from large move at lower cost.
Underperforms: Insufficient realized move reduces long-strangle edge.

Risk Assessment

!Macro weakness: SPY -1.58%, QQQ -2%, VIX 22.2.
!Gamma pinning effects minimal for long-dated options.
!IV crush minimal due to long timeframe.

What to Watch

?Spot vs $245 max pain.
?$250 call wall.
?IV changes as earnings approach.
?Macro: VIX, QQQ direction.
How to Use These Reports
This earnings reflects the market close on June 10, 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.