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AMZN

Amazon.com, Inc.Close $246.00EOD only
Max Pain
$240.00
Next expiry Jun 17, 2026
Expected Move
±$3.69
1.5% from close
Price Gap
-6.00
Distance to max pain
IV Rank
80
High premium
P/C OI
0.65
Slightly call-heavy
Consensus
8.5/10
Bullish tilt
Published snapshot: Jun 16, 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 16, 2026 close
AMZN Earnings Report
Analysis based on market close June 17, 2026
DirectionalTheta GangFlowEarningsConsensus

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

Earnings Verdict

AMZN earnings 43 days out. 80% beat rate, IV elevated near-term. Mixed flow with heavy call OI at $250+ walls. Pinning at $242. Trade setup unclear until closer.

Confidence:
5.5 / 10
base 5; -1 GEX/flow contradict; +1 GEX positive (pinning); +0.5 VIX 18
Most important: Max pain $242 and call wall $250+ suggest resistance, but net call premium pushes bullish bias. Watch spot response at $242.
📊80% beat rate but no edge in direction; IV elevated near-term.
🎯Max pain $242 pinning; $250+ call wall strong.
⚠️Net put selling but negative premium; mixed signals.

Regime Classification

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

Earnings Overview

Next earnings: 2026-07-30 (43 days)explicit

Expected moves:

  • 2026-06-18 (1d): ±$3.76 (1.6%)
  • 2026-06-22 (5d): ±$5.81 (2.4%)
  • 2026-06-24 (7d): ±$7.78 (3.3%)

IV Setup

Term structure: Contango from 1d to 7d: ±1.6% to ±3.3%. Longer-dated vol elevated.

Crush estimate: Earnings 43 days away; short-term IV crush not directly applicable. Event-specific IV expansion expected closer to date.

Skew: Put skew steep on OTM longer-dated puts (e.g., 60% IV at $265).

Historical Context

Beat rate: 80% (4/5 quarters)

Avg move vs expected: Historically beats 80%, but avg move not provided vs expected.

Directional bias: Neutral, no consistent directional trend.

Key Levels

1EM guardrails: 2d $233.74/$241.26; 1w $231.69/$243.31
2Max pain pins: $242 (2026-06-17); $225 (2026-06-18); $245 (2026-06-22)

Flow Highlights

Large OI buildup in $240-$245 calls and puts, with max pain at $242.

Pinning expected near $242. Call wall at $250+ caps upside.

Net premium -$228M (net put selling). Unusual prints show high volume on OTM puts ($265, $222.5).

Mixed: net negative premium but put selling suggests hedging, not directional bearishness.

Strategies

Neutral Iron Condor
Sell 2026-06-26 $227.50/$222.50 put wing and $242.50/$247.50 call wing
Credit: $1.75-$2.13
Max loss: $2.87
Max gain: $2.13
BE: 225.37 / 244.63
Trigger: Exit if spot breaks $227.5 or $247.5; adjust wings.
Neutral bias, gamma pinning at $242, high near-term IV.
Outperforms: Sell $227.5/$222.5 puts and $242.5/$247.5 calls, profits from theta and IV contraction.
Underperforms: Move outside short strikes invalidates range thesis.
Short Strangle
Sell 2026-06-26 $227.50 put + sell $242.50 call
Credit: $3.80-$4.65
Max loss: Unlimited
Max gain: $4.65
BE: 222.85 / 247.15
Trigger: Close if spot approaches strikes; roll wings if needed.
High IV, max pain pinning at $242, wider profit zone.
Outperforms: Sell OTM put and call to collect premium; benefits from stagnant price.
Underperforms: Break outside short strikes invalidates short-vol thesis.
Put Calendar Spread
Sell 2026-06-26 $227.50 put / buy 2026-07-02 $227.50 put
Debit: $0.80-$0.98
Max loss: $0.98
Max gain: Variable
BE: Path-dependent
Trigger: Exit if spot drops below $227.5; roll forward if IV spikes.
Contango structure and put support at $240.
Outperforms: Sell near-term put, buy later-dated put for time decay differential; bullish bias.
Underperforms: Loss of support or adverse vol term shift weakens thesis.
Long strangle
Buy 2026-08-21 $230.00 put + buy $260.00 call
Debit: $15.80-$19.31
Max loss: $19.31
Max gain: Unlimited
BE: 210.69 / 279.31
Earnings catalyst 43 days out, IV elevated, neutral bias makes long strangle appropriate.
Outperforms: Buy volatility into AMZN earnings with wide strikes.
Underperforms: Insufficient realized move reduces long-strangle edge.

Risk Assessment

!Gamma pinning near $242 makes breakouts difficult.
!Heavy call OI $250-$350 poses resistance.
!Put OI at $240 provides support.

What to Watch

?Spot action at $242 max pain.
?IV crush after any event (earnings far out).
?Unusual prints at $222.5 and $265 put strikes for shift.
How to Use These Reports
This earnings reflects the market close on June 17, 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.