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AMZN

Amazon.com, Inc.Close $238.55EOD only
Max Pain
$240.00
Next expiry Jun 15, 2026
Expected Move
±$4.50
1.9% from close
Price Gap
+1.45
Distance to max pain
IV Rank
52
Middle-high premium
P/C OI
0.65
Slightly call-heavy
Consensus
7.0/10
Bullish tilt
Published snapshot: Jun 12, 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 12, 2026 close
AMZN Earnings Report
Analysis based on market close June 12, 2026
DirectionalTheta GangFlowEarningsConsensus

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

Earnings Verdict

Strong bullish flow ahead of earnings 48 days out; call accumulation and positive gamma pinning near $240. High historical beat rate (80%) supports positive bias.

Confidence:
9 / 10
base 5; +2 GEX/flow strongly aligned; +1 GEX positive (pinning); +1 spot 0.6% from MP; +1 VIX 18
Most important: Unusual call buying in 0DTE and near-term strikes signals upside positioning.
📈Unusual 0DTE call buying: 93k vol at $240C, OI 6.8k. Bullish sentiment.
⚠️Elevated put volume at $250 strike for Jun 15 expiration. Could signal hedging or bearish view.
🎯Max pain at $240 for 0DTE and Jun 15. Spot at $240. Pinning likely.

Regime Classification

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

Earnings Overview

Next earnings: 2026-07-30 (48 days)explicit

Expected moves:

  • 2026-06-15 (3d): ±$4.50 (1.9%)
  • 2026-06-17 (5d): ±$7.28 (3.0%)
  • 2026-06-18 (6d): ±$8.20 (3.4%)

IV Setup

Term structure: Short-dated IV low (6-8%), earnings IV elevated. Term structure contango.

Crush estimate: Earnings IV crush expected ~50% post-event.

Skew: Put skew elevated at $250 strike.

Historical Context

Beat rate: 80% (4/5 quarters)

Avg move vs expected: Not available; beat rate 80%.

Directional bias: Bullish bias based on beat rate.

Key Levels

1EM guardrails: 2d $234.05/$243.06; 1w $231.28/$245.83
2Max pain pins: $240 (2026-06-12); $240 (2026-06-15); $245 (2026-06-17)

Flow Highlights

Heavy call buying in 2026-06-12 $237.5 (79k vol) and $240 (93k vol) on expiration day.

Indicates aggressive short-term bullish positioning, possibly pinning to $240.

Unusual put volume at $250 strike for 2026-06-15 expiration (10.4k vol, OI 457).

Hedging or bearish bet at higher strike, suggesting caution above $250.

Strategies

Iron Condor
Sell 2026-07-17 $220.00/$215.00 put wing and $260.00/$265.00 call wing
Credit: $1.38-$1.68
Max loss: $3.32
Max gain: $1.68
BE: 218.32 / 261.68
Trigger: Close at 50% max gain or before earnings to avoid IV crush.
Defined risk and elevated IV capture premium near $240 with bullish bias.
Outperforms: Sell put and call wings to profit from sideways to slightly bullish action.
Underperforms: Move outside short strikes invalidates range thesis.
Short Strangle
Sell 2026-07-10 $220.00 put + sell $265.00 call
Credit: $3.18-$3.89
Max loss: Unlimited
Max gain: $3.89
BE: 216.11 / 268.89
Trigger: Set stop-loss or adjust if spot nears strikes.
Wider strikes collect higher premium; unlimited risk suits experienced traders.
Outperforms: Sell OTM put and call to collect premium in range-bound market.
Underperforms: Break outside short strikes invalidates short-vol thesis.

Risk Assessment

!Earnings miss risk despite high beat rate.
!IV crush on positions if held through event.
!Gamma pinning at $240 may limit upside near term.

What to Watch

?Max pain levels at $240 (0DTE) and $245 (Jun 17).
?Call OI wall at $260-$350.
?Spot reaction to $240 resistance.
?VIX movement and IV expansion as earnings approach.
How to Use These Reports
This earnings reflects the market close on June 12, 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.