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AMZN

Amazon.com, Inc.Close $249.91EOD only

Max Pain

$245.00

Next expiry Apr 22, 2026

Expected Move

±$4.03

1.6% from close

Price Gap

-4.91

Distance to max pain

IV Rank

Middle-high premium

P/C OI

0.58

Slightly call-heavy

Consensus

6.0/10

Bullish tilt

Published snapshot: Apr 21, 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 21, 2026 close

AMZN Flow Report

Analysis based on market close April 22, 2026

Directional Theta Gang Flow Earnings Consensus

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

Flow Verdict

Confidence:

8 / 10

base 5; +2 GEX/flow strongly aligned; +1 GEX positive (pinning); -0.5 spot 3.2% from MP; +0.5 VIX 19

Watch next session: Test of 252–255 support; Monitor volume/flow at 252.5/255 strikes; VIX>20 or selling into calls

Flow Summary

Net premium: +$252.7M bullish

P/C volume ratio: 0.38

P/C OI ratio: 0.59

Bullish pinning: large positive GEX and concentrated short‑dated calls cluster pins spot ~252–255; downside risk if spot breaches 240–250 or volatility surges.

Notable Prints

AMZN 2027-01-15 $380.00 Call

Vol: 9,113

OI: 139

Vol/OI: 65.6x

IV: 36.6%

Notional: ~$4.3M

Intent: Unclear flow intent

Read-through: Needs contextual interpretation.

AMZN 2026-04-22 $255.00 Put

Vol: 8,456

OI: 523

Vol/OI: 16.2x

IV: 2.7%

Notional: ~$17K

Intent: cheap short-dated speculation/assignment play

Dual read: lot-scale sell vs. hedge

Read-through: same-day volume implies pin/assignment focus

AMZN 2026-05-15 $237.50 Put

Vol: 1,437

OI: 102

Vol/OI: 14.1x

IV: 44.9%

Notional: ~$621K

Intent: Unclear flow intent

Read-through: Needs contextual interpretation.

AMZN 2026-04-22 $255.00 Call

Vol: 101,424

OI: 7,331

Vol/OI: 13.8x

IV: 3.0%

Notional: ~$3.5M

Intent: short-term bullish/stock substitute

Dual read: directional buy vs. dealer hedge

Read-through: large delta exposure, pin risk

AMZN 2026-04-22 $252.50 Put

Vol: 30,278

OI: 2,611

Vol/OI: 11.6x

IV: 10.5%

Notional: ~$30K

Intent: protective hedge or breakpoint selling

Dual read: long protection vs. pinning sell

Read-through: adds concentrated downside gamma

Institutional Positioning

Call additions: Concentration of short‑dated calls at 252.5–255 (weeklies) appears to be institutional-sized and could create pinning pressure if spot holds; long‑dated 2027 $380 call is present but likely speculative absent counterparty/size confirmation.

Put additions: Clusters of short‑dated puts ~250–255 and term puts ~237.5–240 suggest protective hedging by some participants; magnitude implies meaningful demand but not unanimous intent.

GEX/DEX consistency: GEX +$526.4M and DEX +156.7M shares are consistent with a near‑term bullish/pinning bias but only probabilistic—large spot moves or gamma flows could flip the sign.

OI clusters: Largest OI in weeklies around 252.5–255; secondary put concentrations ~240–250. These create a probable pin zone but are sensitive to intraday spot moves and expiries.

Hedging evidence: Short‑dated put concentration plus call buys imply hedging/collar activity for some desks; long‑dated call looks more speculative than definitive institutional positioning.

Max pain context: Max pain near 252–255 is plausible given OI, yet outcome depends on spot drift and expiry flow dynamics.

Signal vs Noise

~Signal: heavy weekly OI 252.5–255 — probable pin zone, sensitive to spot shifts

~Signal: positive GEX/DEX support near‑term upward bias but could reverse with large gamma-induced moves

~Noise: isolated long‑dated 2027 $380 call likely speculative absent size/participant evidence

Key Conclusions

📈Probable pinning at 252–255 driven by weekly OI and supportive GEX/DEX, but outcome sensitive to spot moves

⚠️Concentrated short‑dated puts indicate hedging/tail‑risk; monitor squeezes and roll activity

How to Use These Reports

This flow reflects the market close on April 22, 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.