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AMZN

Amazon.com, Inc.Close $227.01EOD only
Max Pain
$237.50
Next expiry Jun 26, 2026
Expected Move
±$4.15
1.8% from close
Price Gap
+10.49
Distance to max pain
IV Rank
17
Low premium
P/C OI
0.62
Slightly call-heavy
Consensus
7.0/10
Bullish tilt
Published snapshot: Jun 25, 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 25, 2026 close
AMZN Earnings Report
Analysis based on market close June 26, 2026
DirectionalTheta GangFlowEarningsConsensus

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

Earnings Verdict

Bullish setup: 80% beat rate, strong call flow, gamma pinning near $230.

Confidence:
9 / 10
base 5; +2 GEX/flow strongly aligned; +1 GEX positive (pinning); +0.5 spot 1.2% from MP; +0.5 VIX 18
Most important: Call OI wall $250-$320 signals upside target; max pain $230 for 6/26.
📈Call OI wall $250-$320 shows institutional upside bets.
⚠️Put activity at $230 for hedging, not bearish.
✅80% beat rate historically supports bullish bias.

Regime Classification

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

Earnings Overview

Next earnings: 2026-07-30 (34 days)explicit

Expected moves:

  • 2026-06-29 (3d): ±$4.59 (2.0%)
  • 2026-07-01 (5d): ±$4.28 (1.8%)
  • 2026-07-02 (6d): ±$8.70 (3.7%)

IV Setup

Term structure: Upward sloping, earnings 34d out; near-term IV elevated.

Crush estimate: ~50% crush post-earnings.

Skew: Put skew elevated downside, but call activity dominates.

Historical Context

Beat rate: 80% (4/5 quarters)

Avg move vs expected: Avg move slightly above implied due to high beat rate.

Directional bias: Bullish: 80% beat rate and positive flow.

Key Levels

1EM guardrails: 2d $228.10/$237.29; 1w $228.42/$236.97
2Max pain pins: $230 (2026-06-26); $232 (2026-06-29); $232 (2026-07-01)

Flow Highlights

Large call buy $232.5C 6/26 (17.9x OI).

Aggressive bullish positioning ahead of catalyst.

Net premium +$67M, PC ratio 0.58.

Strong call demand supporting upside.

Strategies

Bull Call Spread
Buy 2026-07-31 $245.00/$250.00 call spread
Debit: $1.12-$1.38
Max loss: $1.38
Max gain: $3.62
BE: $246.38
Trigger: Set stop if price falls below $230; take profit near $250 resistance.
80% beat rate and strong call flow support upside; cheap spread captures move with limited risk.
Outperforms: Buy $245/$250 call spread expiring after earnings to profit from expected upward move.
Underperforms: Loss of support weakens upside continuation thesis.
Call Diagonal
Sell 2026-07-24 $255.00 call / buy 2026-08-21 $250.00 call
Debit: $4.93-$6.02
Max loss: $6.02
Max gain: Variable
BE: Path-dependent
Trigger: Roll short if challenged; adjust if price drops below $230 invalidation.
Upward sloping term structure and elevated near-term IV; sell short-term premium, buy long-term upside.
Outperforms: Sell near-term $255 call, buy later $250 call to benefit from time decay and potential rally.
Underperforms: Loss of support or adverse vol term shift weakens thesis.
Iron Condor
Sell 2026-07-24 $230.00/$220.00 put wing and $250.00/$255.00 call wing
Credit: $4.46-$5.46
Max loss: $4.54
Max gain: $5.46
BE: 224.54 / 255.46
Trigger: Close if price approaches $230 or $250; adjust wings if volatility increases.
Gamma pinning near $230 may cap price; play range-bound between support and resistance.
Outperforms: Sell put wing at $230/$220 and call wing at $250/$255 for credit, profiting if price stays within.
Underperforms: Move outside short strikes invalidates range thesis.
Long straddle
Buy 2026-08-21 $250.00 put + buy $250.00 call
Debit: $29.45-$36.00
Max loss: $36.00
Max gain: Unlimited
BE: 214.00 / 286.00
Avg move slightly above implied; high beat rate suggests upside but hedge downside. Term structure supports longer DTE.
Outperforms: Volatility capture around earnings. Profit if move > breakeven.
Underperforms: Under-realized move and IV crush hurt long-vol thesis.

Risk Assessment

!Gamma pinning at $230 may cap near-term upside.
!Tech sell-off (QQQ -1.38%) poses macro risk.
!Earnings 34d away; IV decay if no catalyst.

What to Watch

?Key levels: $230 support, $250 resistance.
?Max pain pins for weekly expirations.
?Unusual activity in longer-dated options.
How to Use These Reports
This earnings reflects the market close on June 26, 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.