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AMZN

Amazon.com, Inc.Close $244.39EOD only
Max Pain
$240.00
Next expiry Jun 22, 2026
Expected Move
±$4.29
1.8% from close
Price Gap
-4.39
Distance to max pain
IV Rank
100
High premium
P/C OI
0.63
Slightly call-heavy
Consensus
8.5/10
Bullish tilt
Published snapshot: Jun 18, 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 18, 2026 close
AMZN Earnings Report
Analysis based on market close June 18, 2026
DirectionalTheta GangFlowEarningsConsensus

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

Earnings Verdict

Strong bullish flow and GEX pinning support near-term upside to $250+, but earnings event 42 days away limits direct catalyst.

Confidence:
8 / 10
base 5; +2 GEX/flow strongly aligned; +1 GEX positive (pinning); -1 spot 11.1% from MP; +1 VIX 17
Most important: Heavy call buying at 225-250 strikes for June 22 reflects aggressive bullish bias; spot trading above max pain ($220) and near 1w upper guardrail ($251).
⚡147k vol on 6/18 245C with IV 6.7% – likely aggressive intraday trade, not directional bet.
📈Net premium $240M, put/call volume ratio 0.39 – overwhelmingly bullish flow.

Regime Classification

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

Earnings Overview

Next earnings: 2026-07-30 (42 days)explicit

Expected moves:

  • 2026-06-22 (4d): ±$4.30 (1.8%)
  • 2026-06-24 (6d): ±$6.80 (2.8%)
  • 2026-06-26 (8d): ±$8.70 (3.6%)

IV Setup

Term structure: Front-end IV low (7-10%) reflecting low event risk; back-end IV (earnings) not observable from near-term options.

Crush estimate: Not applicable for far-dated earnings; near-term IV crush likely minimal due to already suppressed levels.

Skew: Call skew elevated on 6/22 strikes, suggesting demand for upside convexity; put skew flat.

Historical Context

Beat rate: 80% (4/5 quarters)

Avg move vs expected: Not calculable; 42 days to event, no near-term earnings moves available.

Directional bias: 80% beat rate supports slight bullish bias, but limited historical data for this specific setup.

Key Levels

1EM guardrails: 1w $237.59/$251.19
2Max pain pins: $220 (2026-06-18); $240 (2026-06-22); $240 (2026-06-24)

Flow Highlights

June 18 245C: 147k vol vs 17.7k OI (8.3x), IV 6.7% – likely closing or day trade.

High volume with low OI suggests aggressive intraday positioning, not structural accumulation.

June 22 225C: 3.5k vol vs 237 OI (14.7x), IV 78.9% – deep OTM call buying.

Unusual OTM call activity bet on further upside, possibly speculators or hedges.

Strategies

Bull Call Spread
Buy 2026-06-26 $250.00/$252.50 call spread
Debit: $0.64-$0.79
Max loss: $0.79
Max gain: $1.71
BE: $250.79
Trigger: Exit at 50% gain or if spot breaks 232.69
Bullish bias with defined risk and liquidity; call wall supports 250+
Outperforms: Buy 250/252.5 call spread for near-term upside
Underperforms: Loss of support weakens upside continuation thesis.
Iron Condor
Sell 2026-07-10 $225.00/$220.00 put wing and $260.00/$265.00 call wing
Credit: $1.19-$1.45
Max loss: $3.55
Max gain: $1.45
BE: 223.55 / 261.45
Trigger: Manage wings at 50% max gain; adjust near 240
Ranges around $240 pin; call wall caps upside, puts supported
Outperforms: Sell 225/220 put and 260/265 call wing for range
Underperforms: Move outside short strikes invalidates range thesis.
Long Strangle
Buy 2026-06-26 $232.50 put + buy $250.00 call
Debit: $2.77-$3.38
Max loss: $3.38
Max gain: Unlimited
BE: 229.12 / 253.38
Trigger: Set stop at 50% loss; hold through earnings if desired
Cheap vol play but no near-term catalyst; high decay risk
Outperforms: Buy 232.5 put and 250 call for volatility
Underperforms: Insufficient realized move reduces long-strangle edge.

Risk Assessment

!Spot 11% above max pain ($220) increases risk of pinning into monthly expiry (6/18).
!Earnings event 42 days out reduces immediate catalyst; IV decay may hit long premium.
!Massive call OI wall at $260-$350 could cap upside if spot approaches.

What to Watch

?Gamma pinning at $240 for 6/22 and 6/24 expiries.
?Call wall at $260 for structural resistance.
?Unusual put activity at 6/18 242.5P (60k vol) – potential hedging or closing.
How to Use These Reports
This earnings reflects the market close on June 18, 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.