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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 22, 2026
DirectionalTheta GangFlowEarningsConsensus

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

Earnings Verdict

Bullish-leaning earnings setup with strong call flow but mixed net premium. 80% beat rate supports upside, but event is 38 days out.

Confidence:
5.5 / 10
base 5; -1 GEX/flow contradict; +1 GEX positive (pinning); -0.5 spot 3.0% from MP; +1 VIX 17
Most important: Aggressive near-dated call buying signals bullish conviction ahead of earnings.
📈Heavy call buying in near-dated strikes signals strong upside conviction.
⚠️Net premium negative suggests large put protection; mixed flow signals.

Regime Classification

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

Earnings Overview

Next earnings: 2026-07-30 (38 days)explicit

Expected moves:

  • 2026-06-24 (2d): ±$5.53 (2.4%)
  • 2026-06-26 (4d): ±$7.90 (3.4%)
  • 2026-06-29 (7d): ±$8.72 (3.7%)

IV Setup

Term structure: Contango; near-term IV low (~25%), earnings-term likely 40-50%.

Crush estimate: Expect 50% crush post-earnings.

Skew: Call skew elevated, reflecting bullish bias.

Historical Context

Beat rate: 80% (4/5 quarters)

Avg move vs expected: Avg move ~7.5% vs expected ~6.5%

Directional bias: Slightly bullish (80% beat rate, uptrend).

Key Levels

1EM guardrails: 2d $227.26/$238.32; 1w $224.06/$241.51
2Max pain pins: $240 (2026-06-22); $240 (2026-06-24); $242 (2026-06-26)

Flow Highlights

Heavy call buying: 6/22 235C (vol/OI 171) and 232.5C (169).

Short-term bullish bets with high urgency.

Net premium negative -$28M despite high call volume.

Potential hedging; mixed signal.

Strategies

Long Straddle
Buy 2026-07-31 $235.00 put + buy $235.00 call
Debit: $21.74-$26.57
Max loss: $26.57
Max gain: Unlimited
BE: 208.43 / 261.57
Trigger: Exit before earnings or hold through; manage delta.
IV expansion likely; 80% beat rate supports upside surprise.
Outperforms: Buys both call and put to profit from large move.
Underperforms: Under-realized move and IV crush hurt long-vol thesis.
Bull Call Spread
Buy 2026-07-31 $255.00/$275.00 call spread
Debit: $2.88-$3.52
Max loss: $3.52
Max gain: $16.48
BE: $258.52
Trigger: Close if stock drops below invalidation or after earnings.
Lower cost, bullish bias, good upside if stock rallies.
Outperforms: Bullish call spread with defined risk/reward.
Underperforms: Loss of support weakens upside continuation thesis.

Risk Assessment

!Gamma pinning near $240 may mute near-term moves.
!Long time to earnings; early IV selling risk if VIX low.

What to Watch

?Earnings 7/30: monitor implied move and IV expansion.
?Price action near $240 max pain and $250+ call OI wall.
How to Use These Reports
This earnings reflects the market close on June 22, 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.