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AMZN

Amazon.com, Inc.Close $234.27EOD only
Max Pain
$237.50
Next expiry Jun 26, 2026
Expected Move
±$5.81
2.5% from close
Price Gap
+3.23
Distance to max pain
IV Rank
10
Low premium
P/C OI
0.62
Slightly call-heavy
Consensus
6.5/10
Bullish tilt
Published snapshot: Jun 24, 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 24, 2026 close
AMZN Earnings Report
Analysis based on market close June 25, 2026
DirectionalTheta GangFlowEarningsConsensus

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

Earnings Verdict

AMZN 35d to earnings; heavy near-term call buys vs net -$123M flow; 80% beat rate bullish but call wall caps

Confidence:
7 / 10
base 5; +2 GEX/flow strongly aligned; -0.5 spot 4.4% from MP; +0.5 VIX 19
Most important: Watch $227-$235 range; $250 call OI wall
📊Beat rate 80% supports bullish bias
⚠️Heavy call buys contradict net -$123M flow
🔍Call OI wall $250-$320 caps rallies

Regime Classification

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

Earnings Overview

Next earnings: 2026-07-30 (35 days)explicit

Expected moves:

  • 2026-06-26 (1d): ±$4.14 (1.8%)
  • 2026-06-29 (4d): ±$6.45 (2.8%)
  • 2026-07-01 (6d): ±$8.05 (3.5%)

IV Setup

Term structure: Upward sloping; near-term IV ~32%, far-term higher

Crush estimate: N/A 35d out; typical earn crush ~50%

Skew: Call skew elevated on heavy buying; put moderate

Historical Context

Beat rate: 80% (4/5 quarters)

Avg move vs expected: Not provided; beat rate 80%

Directional bias: Bullish given high beat rate

Key Levels

1EM guardrails: 2d $222.86/$231.15; 1w $218.96/$235.06
2Max pain pins: $238 (2026-06-26); $235 (2026-06-29); $238 (2026-07-01)

Flow Highlights

Heavy call buys at $227.5/$230 (vol/OI >110)

Aggressive near-term bullish positioning

Large ITM put buys at $242.5/$240 (vol/OI >11)

Hedging or bearish protection above spot

Strategies

Iron condor
Sell 2026-07-31 $215.00/$195.00 put wing and $245.00/$275.00 call wing
Credit: $7.46-$9.11
Max loss: $20.89
Max gain: $9.11
BE: 205.89 / 254.11
Trigger: Close at 50% max gain or near earnings.
Defined risk, aligns with support/call wall, benefits from IV crush even 35d out.
Outperforms: Sells premium within range, limited risk.
Underperforms: Move outside short strikes invalidates range thesis.
Call diagonal
Sell 2026-07-17 $245.00 call / buy 2026-08-21 $250.00 call
Debit: $3.76-$4.60
Max loss: $4.60
Max gain: Variable
BE: Path-dependent
Trigger: Roll short call if tested; hold through earnings.
Bullish bias with term structure advantage; shorter theta decay.
Outperforms: Sells front-month call, buys later-dated call for upside.
Underperforms: Loss of support or adverse vol term shift weakens thesis.
Short strangle
Sell 2026-07-31 $205.00 put + sell $255.00 call
Credit: $5.62-$6.88
Max loss: Unlimited
Max gain: $6.88
BE: 198.12 / 261.88
Trigger: Widen or close if breach support/resistance.
High IV but unlimited risk; less preferred due to caps.
Outperforms: Sells put and call wings for premium.
Underperforms: Break outside short strikes invalidates short-vol thesis.

Risk Assessment

!Earnings 35d out; volatile macro (VIX ~19)
!Call wall $250-$320 caps upside; support $214
!Mixed flow: heavy calls vs net negative premium

What to Watch

?Price near $227; EM guardrails $222.86-$231.15
?Max pain $238-$235; call wall $250
?Monitor unusual prints; next week vol
How to Use These Reports
This earnings reflects the market close on June 25, 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.