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AMZN

Amazon.com, Inc.Close $232.69EOD only
Max Pain
$232.50
Next expiry Jun 29, 2026
Expected Move
±$4.59
2.0% from close
Price Gap
-0.19
Distance to max pain
IV Rank
17
Low premium
P/C OI
0.61
Slightly call-heavy
Consensus
8.5/10
Bullish tilt
Published snapshot: Jun 26, 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 26, 2026 close
AMZN Earnings Report
Analysis based on market close June 29, 2026
DirectionalTheta GangFlowEarningsConsensus

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

Earnings Verdict

Bullish setup with strong flow and historical beat rate. Earnings far out, near-term pinning likely.

Confidence:
8.5 / 10
base 5; +2 GEX/flow strongly aligned; +1 GEX positive (pinning); -0.5 spot 4.4% from MP; +1 VIX 18
Most important: Heavy 0-day activity at $242.5 suggests pinning; $427M net premium aligns with bullish gamma.
📈Heavy 0-day $242.5 put/call activity signals pinning.
⚠️Large $260-$350 call OI could cap explosive moves.

Regime Classification

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

Earnings Overview

Next earnings: 2026-07-30 (31 days)explicit

Expected moves:

  • 2026-07-01 (2d): ±$5.82 (2.4%)
  • 2026-07-02 (3d): ±$7.00 (2.9%)
  • 2026-07-06 (7d): ±$8.40 (3.5%)

IV Setup

Term structure: Upward sloping from 2d to 7d; earnings premium not yet priced in near-term.

Crush estimate: Not applicable; earnings Jul 30 is 31 days away, no built-in crush.

Skew: Near-term skew relatively flat; call activity dominates.

Historical Context

Beat rate: 80% (4/5 quarters)

Avg move vs expected: Not available from input; beat rate 80%.

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

Key Levels

1EM guardrails: 2d $234.32/$245.96; 1w $231.74/$248.54
2Max pain pins: $230 (2026-06-29); $232 (2026-07-01); $230 (2026-07-02)

Flow Highlights

Massive 0-day put and call volume at $242.5 strike (vol/oi >100x).

Indicates aggressive hedging or pinning expectations near max pain $230-$232.

Large 0-day $240 Put volume (110k vs 1.1k OI).

Likely put selling or closing; supports pinning.

Strategies

Iron Condor for Range-Bound
Sell 2026-07-24 $230.00/$225.00 put wing and $260.00/$265.00 call wing
Credit: $1.80-$2.19
Max loss: $2.81
Max gain: $2.19
BE: 227.81 / 262.19
Trigger: Close if spot approaches wings; adjust wings if IV expands.
Best fits pinning and range-bound outlook with defined risk and good liquidity.
Outperforms: Sell put wing $230/$225 and call wing $260/$265 on 7/24 expiry.
Underperforms: Move outside short strikes invalidates range thesis.
Short Strangle for Theta Harvest
Sell 2026-07-24 $230.00 put + sell $260.00 call
Credit: $5.87-$7.18
Max loss: Unlimited
Max gain: $7.18
BE: 222.82 / 267.18
Trigger: Roll untested side or close at 50% profit; use stops at wings.
Low IV and flat term structure favor theta decay; high win probability if range holds.
Outperforms: Sell 7/24 $230 put and $260 call.
Underperforms: Break outside short strikes invalidates short-vol thesis.
Call Diagonal for Term Skew
Sell 2026-07-24 $260.00 call / buy 2026-08-21 $250.00 call
Debit: $7.51-$9.19
Max loss: $9.19
Max gain: Variable
BE: Path-dependent
Trigger: Exit if spot breaks below $230; roll short call forward if tested.
Upward sloping term structure makes back-month premium higher; bullish bias with defined risk.
Outperforms: Sell 7/24 $260 call, buy 8/21 $250 call.
Underperforms: Loss of support or adverse vol term shift weakens thesis.
Bull call spread
Buy 2026-07-31 $250.00/$270.00 call spread
Debit: $4.48-$5.47
Max loss: $5.47
Max gain: $14.53
BE: $255.47
Strong flow and 80% beat rate support upside; bull call spread caps risk.
Outperforms: Bullish expectation into earnings with defined risk.
Underperforms: Loss of support weakens upside continuation thesis.

Risk Assessment

!Gamma pinning risk if spot deviates from $230-$232.
!Large call OI ($260-$350) may cap upside.
!VIX 18 suggests moderate cross-asset volatility.

What to Watch

?Spot action around $230-$232 max pain.
?Unusual 0-day prints for next week expirations.
?Volume on 7/1 $252.5 call as bullish indicator.
How to Use These Reports
This earnings reflects the market close on June 29, 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.