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AMZN

Amazon.com, Inc.Close $246.02EOD only
Max Pain
$240.00
Next expiry Jun 17, 2026
Expected Move
±$5.13
2.1% from close
Price Gap
-6.02
Distance to max pain
IV Rank
64
High premium
P/C OI
0.65
Slightly call-heavy
Consensus
8.5/10
Bullish tilt
Published snapshot: Jun 15, 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 15, 2026 close
AMZN Earnings Report
Analysis based on market close June 16, 2026
DirectionalTheta GangFlowEarningsConsensus

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

Earnings Verdict

AMZN 44d out from earnings; high confidence based on bullish flow and gamma pinning

Confidence:
0 / 10
base 5; +2 GEX/flow strongly aligned; +1 GEX positive (pinning); +1 VIX 16
Most important: Near-term max pain $240 and heavy call OI at $250, with aggressive straddle positioning
📉Put sweep at $245 vol/OI 15.9; hedging downside
📈Call volume heavy at $250; bullish but high IV

Regime Classification

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

Earnings Overview

Next earnings: 2026-07-30 (44 days)explicit

Expected moves:

  • 2026-06-17 (1d): ±$3.69 (1.5%)
  • 2026-06-18 (2d): ±$5.29 (2.2%)
  • 2026-06-22 (6d): ±$6.79 (2.8%)

IV Setup

Term structure: Near-term IV low (~20%), slightly elevated for earnings week

Crush estimate: Minimal crush expected for weekly expiries; earnings skew not yet priced

Skew: Put skew elevated on short-dated, reflecting hedging

Historical Context

Beat rate: 80% (4/5 quarters)

Avg move vs expected: Actual moves within expected range 3/5 times

Directional bias: Slight bullish bias (4/5 beats)

Key Levels

1EM guardrails: 2d $242.31/$249.69; 1w $239.21/$252.79
2Max pain pins: $240 (2026-06-17); $225 (2026-06-18); $240 (2026-06-22)

Flow Highlights

Large put/call sweeps near $245-$250 strikes for 6/17

Straddle positioning suggests uncertainty; pinning to $240 max pain

Call volume ratio 0.45, with $250 call OI of 3.5k

Bullish sentiment but resistance at $250

Strategies

Iron Condor
Sell 2026-07-10 $230.00/$220.00 put wing and $250.00/$260.00 call wing
Credit: $3.93-$4.80
Max loss: $5.20
Max gain: $4.80
BE: 225.20 / 254.80
Trigger: Monitor max pain $240; close if $230 or $260 breached.
High confidence pinning near $240, defined wings limit tail risk.
Outperforms: Sell 230/220 put and 250/260 call, 24 DTE.
Underperforms: Move outside short strikes invalidates range thesis.
Short Strangle
Sell 2026-07-10 $230.00 put + sell $260.00 call
Credit: $4.48-$5.48
Max loss: Unlimited
Max gain: $5.48
BE: 224.52 / 265.48
Trigger: Monitor gamma; adjust if IV spikes.
Wide strangle captures theta with slight bullish bias.
Outperforms: Sell 230 put and 260 call, unlimited risk.
Underperforms: Break outside short strikes invalidates short-vol thesis.
Long straddle
Buy 2026-08-21 $250.00 put + buy $250.00 call
Debit: $27.00-$33.00
Max loss: $33.00
Max gain: Unlimited
BE: 217.00 / 283.00
Low IV pre-earnings and slight bullish bias; straddle profits from large move.
Outperforms: Capture earnings move with long volatility.
Underperforms: Under-realized move and IV crush hurt long-vol thesis.

Risk Assessment

!Gamma pinning at $240; large call OI at $250 wall
!VIX 16.4 moderate but elevated vs recent
!No major put support below $235

What to Watch

?Max pain $240; 1w EM $239-$253
?Call OI $260+ heavy; any move above $250 may accelerate
?Unusual prints on 6/17 expiry for pinning cues
How to Use These Reports
This earnings reflects the market close on June 16, 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.