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AMZN

Amazon.com, Inc.Close $250.56EOD only
Max Pain
$240.00
Next expiry Apr 20, 2026
Expected Move
±$4.03
1.6% from close
Price Gap
-10.56
Distance to max pain
IV Rank
100
High premium
P/C OI
0.59
Slightly call-heavy
Consensus
6.0/10
Neutral tilt
Published snapshot: Apr 17, 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
Apr 17, 2026 close
AMZN Flow Report
Analysis based on market close April 20, 2026
DirectionalTheta GangFlowEarningsConsensus

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

Flow Verdict

BiasBullish
Confirmation: Large same‑day call prints at 247.5–250, +$292.7M GEX, pinning regime, spot near MP.
Invalidation: Sustained selling breaching ~240, sharp VIX spike or sudden large put-heavy flow reversing GEX.
Confidence:
9 / 10
base 5; +2 GEX/flow strongly aligned; +1 GEX positive (pinning); +1 spot 0.3% from MP; +0.5 VIX 19

Watch next session: Monitor prints 247.5–250; Track GEX/delta shifts; Watch spot <240 or VIX>25

Flow Summary

Net premium: +$174.6M bullish

P/C volume ratio: 0.68

P/C OI ratio: 0.58

Concentrated short‑dated call flow plus sizable positive GEX and pinning implies upside pressure into near expiries; reversal risk if put flow or spot weakens materially.

Notable Prints

#1
AMZN 2026-04-20 $247.50 Call
Vol: 45,938
OI: 1,081
Vol/OI: 42.5x
IV: 11.8%
Notional: ~$3.6M
Intent: Aggressive buy to pin near 247.5
Dual read: Directional purchase vs dealer gamma sell

Read-through: Large 0DTE bullish flow, increases pinning

#2
AMZN 2026-04-20 $242.50 Call
Vol: 5,179
OI: 130
Vol/OI: 39.8x
IV: 54.9%
Notional: ~$2.9M
Intent: Unclear flow intent

Read-through: Needs contextual interpretation.

#3
AMZN 2026-04-20 $250.00 Call
Vol: 38,411
OI: 2,326
Vol/OI: 16.5x
IV: 7.0%
Notional: ~$38K
Intent: Momentum buy above 250
Dual read: Squaring/rolls vs new directional long

Read-through: Extra upside demand; dealers short delta

#4
AMZN 2026-05-01 $247.50 Call
Vol: 4,931
OI: 344
Vol/OI: 14.3x
IV: 54.6%
Notional: ~$4.9M
Intent: Unclear flow intent

Read-through: Needs contextual interpretation.

#5
AMZN 2026-04-20 $245.00 Put
Vol: 40,766
OI: 3,097
Vol/OI: 13.2x
IV: 12.1%
Notional: ~$41K
Intent: Buy puts as protective hedge or directional
Dual read: Portfolio protection vs speculative short

Read-through: Significant opposing flow; lowers pin target

Institutional Positioning

Call additions: Concentrated buys at 247.5–250 strikes in near‑dated expiries; large unusual call prints and elevated call OI.

Put additions: Put flow clustered at 245 and 240 with sizable same‑day put OI; overall put volume < calls (PCR vol 0.68).

GEX/DEX consistency: Positive GEX (+$292.7M) and DEX (+144.8M shares) consistent with call‑heavy flow and short‑term skew toward upside exposure.

OI clusters: Largest OI near 245–250 (puts ~245; calls 247.5–250); concentration may concentrate gamma risk in this band.

Hedging evidence: High call flow plausibly drives dealer delta buys, but this is a hypothesis — direct evidence would require dealer trade fills, timestamped hedging signals, or broker swap/flow confirmations.

Max pain context: Spot ~0.3% from MP; short‑dated activity increases probability of short‑term pinning pressure around 245–250 but not certain.

Signal vs Noise

~Signal: large same‑day calls at 247.5–250 indicate coordinated exposure and potential dealer delta demand.
~Signal: positive GEX/DEX supports call‑driven short‑term upside bias.
~Noise: isolated mid‑dated/high‑IV prints are less actionable vs concentrated near‑date flow.

Key Conclusions

📌Short‑dated call concentration plus +GEX raises the probability of pinning near 247–250; estimate moderate confidence (~40–60%).
⚠️Dealer hedging (delta buys) is plausible but unconfirmed — need dealer fills/timestamped hedging signals to verify potential amplification on downside gaps.
How to Use These Reports
This flow reflects the market close on April 20, 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.