thetaOwl

AMZN

Amazon.com, Inc.Close $259.34EOD only
Max Pain
$265.00
Next expiry May 20, 2026
Expected Move
±$3.68
1.4% from close
Price Gap
+5.66
Distance to max pain
IV Rank
6
Low premium
P/C OI
0.59
Slightly call-heavy
Consensus
8.5/10
Bullish tilt
Published snapshot: May 19, 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
May 19, 2026 close
AMZN Flow Report
Analysis based on market close May 19, 2026

Consensus-supported lens with chain history and key metrics in the rail.

Flow Verdict

BiasBullish
Confirmation: Sustained above $260 with continued call volume
Invalidation: Close below $255
Confidence:
9.5 / 10
base 5; +2 GEX/flow strongly aligned; +1 GEX positive (pinning); +0.5 VIX 18; override: Heavy call volume at strikes above spot, low put/call ratio, positive GEX

Watch next session: $260 calls; $257.5 calls; gamma flip $200

Flow Summary

Net premium: +$175.6M bullish

P/C volume ratio: 0.41

P/C OI ratio: 0.59

Strong bullish flow: net premium +$176M, put/call volume ratio 0.41, regime bullish with gamma pinning. Unusual call buying at $260, $257.5, $262.5 expiring 5/20-29, indicating upside conviction. Spot below MP, supported by positive GEX $204M. Risk: put activity at $255. Watch for sustained break above $260.

Notable Prints

#1
AMZN 2026-05-20 $260.00 Call
Vol: 43,708
OI: 972
Vol/OI: 45.0x
IV: 24.4%
Notional: ~$6.7M
Intent: Bullish speculation
Dual read: Hedge possible

Read-through: Strong bullish bet

#2
AMZN 2026-05-22 $257.50 Call
Vol: 4,108
OI: 102
Vol/OI: 40.3x
IV: 32.0%
Notional: ~$1.8M
Intent: Bullish anticipation
Dual read: Spread component

Read-through: Call buying into expiry

#3
AMZN 2026-05-20 $257.50 Call
Vol: 20,705
OI: 868
Vol/OI: 23.9x
IV: 25.2%
Notional: ~$6.1M
Intent: Directional call buying
Dual read: Covering or income

Read-through: Bullish sentiment

#4
AMZN 2026-05-20 $262.50 Call
Vol: 22,461
OI: 978
Vol/OI: 23.0x
IV: 24.4%
Notional: ~$1.6M
Intent: Unclear flow intent

Read-through: Needs contextual interpretation.

#5
AMZN 2026-05-20 $255.00 Call
Vol: 5,841
OI: 298
Vol/OI: 19.6x
IV: 28.6%
Notional: ~$2.7M
Intent: Unclear flow intent

Read-through: Needs contextual interpretation.

Institutional Positioning

Call additions: Aggressive call accumulation at 257.5-262.5, 20-45x OI.

Put additions: Moderate put adds at 252.5-257.5, likely hedges.

GEX/DEX consistency: Yes; GEX positive, DEX positive, flow bullish.

OI clusters: $260C 972 OI; $257.5P 1,570 OI.

Hedging evidence: Puts hedge call gamma; collar-like behavior.

Max pain context: Spot below MP; upward pinning expected.

Signal vs Noise

~Signal: Unusual call volume (20-45x OI) at 257.5-262.5.
~Noise: VIX 18, normal vol, low put/call ratio are typical.

Key Conclusions

📈Heavy call flow suggests bullish momentum.
⚠️Put activity may cap rally near 257.5.
How to Use These Reports
This flow reflects the market close on May 19, 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.