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AMZN

Amazon.com, Inc.Close $265.29EOD only

Max Pain

$265.00

Next expiry May 27, 2026

Expected Move

±$2.96

1.1% from close

Price Gap

-0.29

Distance to max pain

IV Rank

Low premium

P/C OI

0.58

Slightly call-heavy

Consensus

8.0/10

Bullish tilt

Published snapshot: May 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

May 26, 2026 close

AMZN Flow Report

Analysis based on market close April 17, 2026

Directional Theta Gang Flow Earnings Consensus

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

You are viewing an older report from April 17, 2026. A newer flow report is available for May 26, 2026.

View latest report

Flow Verdict

Confidence:

8 / 10

base 5; +2 GEX/flow strongly aligned; +1 GEX positive (pinning); -1 spot 13.9% from MP; +1 VIX 17

Watch next session: track 255 call OI changes and roll activity; monitor large put prints/IV spikes; watch GEX movement and dex share flows

Flow Summary

Net premium: +$366.6M bullish

P/C volume ratio: 0.42

P/C OI ratio: 0.59

Bullish pinning: strong positive GEX and oversized 255 call prints suggest pinning pressure near strikes; downside invalidated if puts/IV and GEX quickly flip.

Notable Prints

AMZN 2026-04-17 $255.00 Put

Vol: 19,505

OI: 342

Vol/OI: 57.0x

IV: 26.0%

Notional: ~$9.3M

Intent: Speculative same-day downside bet

Dual read: Portfolio hedge vs directional trade

Read-through: Reinforces 255 option interest near expiry

AMZN 2026-05-01 $255.00 Put

Vol: 3,667

OI: 179

Vol/OI: 20.5x

IV: 48.3%

Notional: ~$4.4M

Intent: Unclear flow intent

Read-through: Needs contextual interpretation.

AMZN 2026-04-24 $255.00 Put

Vol: 2,655

OI: 142

Vol/OI: 18.7x

IV: 27.9%

Notional: ~$1.7M

Intent: Unclear flow intent

Read-through: Needs contextual interpretation.

AMZN 2026-04-20 $250.00 Put

Vol: 10,118

OI: 903

Vol/OI: 11.2x

IV: 20.0%

Notional: ~$1.8M

Intent: Protective hedges or bearish positioning

Dual read: Hedge for concentrated long exposure vs directional put buy

Read-through: Continued demand for 250 downside protection into week

AMZN 2026-04-20 $255.00 Call

Vol: 16,527

OI: 2,259

Vol/OI: 7.3x

IV: 19.3%

Notional: ~$876K

Intent: Near-term upside bets or call selling flow

Dual read: Bullish directional buys vs covered call activity

Read-through: Short-dated upside exposure into Monday

Institutional Positioning

Call additions: Noticeable short‑dated call OI clustered at 255 (4/17 ~19.9k) and 4/20 255 calls — suggests directional call pressure but not certainty of outcome.

Put additions: Clustered short‑dated puts around 250–255 and a smaller 5/1 255 put consistent with hedging/insurance; magnitude smaller than calls.

GEX/DEX consistency: Positive GEX (+$483.6M) and DEX inflow (+170.6M shares) support a bias toward pinning/bullish gamma but sensitivity to spot moves and same‑day noise reduces confidence.

OI clusters: Primary concentrations: 255 calls (~19.9k OI); 250 puts (~4.8k OI); 255 puts smaller — call OI dominates net exposure.

Hedging evidence: Pattern consistent with collars/put hedges around 250–255 plus directional call exposure; same‑day, ultra‑cheap prints likely algo/roll and are downweighted.

Max pain context: Max pain below spot; combined with positive GEX/DEX increases probability of pinning near 255 but outcome remains probabilistic and can shift with spot/flow changes.

Signal vs Noise

~Signal: concentrated 255 call OI plus positive GEX/DEX increases pinning probability but is not deterministic.

~Signal: clustered 250–255 put prints align with hedging intent.

~Noise: ultra‑cheap, high‑volume same‑day prints (e.g. 4/17 $250 @0.02) likely algo/roll and should be downweighted in institutional attribution.

~Noise: isolated longer‑dated puts are small versus call OI and add limited directional signal.

Key Conclusions

📌Probable pinning: call OI+GEX/DEX raise odds of pin near 255, but treat as probability sensitive to spot and same‑day noise.

🛡️Hedging present: put clusters imply downside protection rather than large new directional short positions; same‑day prints downweighted.

How to Use These Reports

This flow reflects the market close on April 17, 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.