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AMZN

Amazon.com, Inc.Close $248.28EOD only

Max Pain

$240.00

Next expiry Apr 22, 2026

Expected Move

±$4.70

1.9% from close

Price Gap

-8.28

Distance to max pain

IV Rank

Middle-high premium

P/C OI

0.58

Slightly call-heavy

Consensus

6.0/10

Range bias

Published snapshot: Apr 20, 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 20, 2026 close

AMZN Flow Report

Analysis based on market close April 21, 2026

Directional Theta Gang Flow Earnings Consensus

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

Flow Verdict

Confidence:

8.5 / 10

base 5; +2 GEX/flow strongly aligned; +1 GEX positive (pinning); +0.5 VIX 20

Watch next session: Monitor 255C/250P front-month OI changes; Price behavior vs 250–255 strikes at open; VIX and SPY gap/down moves

Flow Summary

Net premium: +$182.7M bullish

P/C volume ratio: 0.45

P/C OI ratio: 0.58

Flow is predominantly bullish/pinning: large call flow and +GEX suggest upside pinning around mid-250s; sizable short-dated put prints present a downside invalidation if selling intensifies.

Notable Prints

AMZN 2026-04-22 $252.50 Put

Vol: 20,506

OI: 302

Vol/OI: 67.9x

IV: 27.6%

Notional: ~$7.2M

Intent: Put buying to establish floor near 252.5

Dual read: protective hedge vs directional accumulation

Read-through: adds to short-dated downside concentration near 252-255

AMZN 2026-04-22 $255.00 Put

Vol: 10,008

OI: 236

Vol/OI: 42.4x

IV: 28.0%

Notional: ~$5.5M

Intent: Complementary put buying at 255 for downside protection

Dual read: spread leg vs standalone hedge

Read-through: reinforces pinning/downside interest at 255

AMZN 2026-04-22 $250.00 Put

Vol: 29,907

OI: 717

Vol/OI: 41.7x

IV: 27.4%

Notional: ~$6.0M

Intent: Protective/sell-side put buying near 250

Dual read: hedge vs speculative downside bet

Read-through: heavy short-dated put flow increases downside gamma risk

AMZN 2026-04-22 $262.50 Call

Vol: 16,629

OI: 562

Vol/OI: 29.6x

IV: 32.8%

Notional: ~$83K

Intent: Unclear flow intent

Read-through: Needs contextual interpretation.

AMZN 2026-04-22 $265.00 Call

Vol: 12,283

OI: 867

Vol/OI: 14.2x

IV: 35.5%

Notional: ~$37K

Intent: Unclear flow intent

Read-through: Needs contextual interpretation.

Institutional Positioning

Call additions: Notable short-dated call buys around 255–265 (Apr22) and 257.5 (Apr27); DEX/share buys support a bullish skew but may be transient.

Put additions: Put prints concentrated 247.5–252.5 (Apr22) and 250 (Apr27) suggest protective activity or sold‑put strategies, though put OI is smaller than call OI.

GEX/DEX consistency: Positive GEX (+$359M) and DEX inflows align with a bias toward upside/pinning, but outcomes depend on spot trajectory and flow persistence.

OI clusters: Largest OI concentrations: Apr22 255C (~4.6k), 265C (~867); Apr22 247.5P (~1.46k), 250P (~717).

Hedging evidence: High short-dated put volume with modest put OI implies short-term hedges or collars rather than durable long-term hedging.

Max pain context: Spot sits above max pain and concentrated short-dated calls raise probability of pinning into Apr22, but reversal in flows or price moves could negate this.

Signal vs Noise

~Signal: clustered Apr22 255C and 247.5P OI plus positive GEX/DEX increase odds of near-term pinning, but not certain.

~Noise: DEX/share buys can be transient and the relatively small put OI lowers conviction in lasting hedging; ignore isolated deep-ITM/OTM prints as likely vol-hedge activity.

Key Conclusions

📌Probable near-term pinning into Apr22 given call concentration and positive GEX/DEX, but monitor spot and flow reversal risk.

⚠️Put flow signals short-term hedging; small put OI reduces conviction—watch 247.5–252.5 band for support and prompt exits if breached.

How to Use These Reports

This flow reflects the market close on April 21, 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.