base 5; +2 GEX/flow strongly aligned; +1 GEX positive (pinning); +0.5 spot 1.9% from MP; +1 VIX 18
Watch next session: Monitor for continued call volume and gamma support
Net premium: +$269.7M bullish
P/C volume ratio: 0.38
P/C OI ratio: 0.59
Heavy call buying and positive gamma point to bullish continuation with pinning near $267.5-$270.
#1AMZN 2026-05-13 $267.50 Call
Intent: Pinning at 267.5, bullish call buying
Dual read: Short covering or gamma scalping
Read-through: High volume on 0DTE suggests manipulative pinning.
#2AMZN 2026-05-13 $267.50 Put
Intent: Unclear flow intent
Read-through: Needs contextual interpretation.
#3AMZN 2026-05-13 $270.00 Call
Intent: Bullish bet on close above 270
Dual read: Hedging short positions
Read-through: Large OI build at 270, possible resistance.
#4AMZN 2026-05-13 $265.00 Put
Intent: Unclear flow intent
Read-through: Needs contextual interpretation.
#5AMZN 2026-05-20 $247.50 Put
Intent: Unclear flow intent
Read-through: Needs contextual interpretation.
Call additions: Heavy 0DTE calls at 267.5 and 270, vol/OI >10x
Put additions: Modest puts at 265 0DTE and 247.5 weekly
GEX/DEX consistency: GEX +$458M, DEX +163M shares, consistent bullish
OI clusters: Largest OI among unusual at 267.5C and 270C
Hedging evidence: 247.5 put hedge tempers bullish conviction
Max pain context: Spot above MP, pinning likely 267.5-270
~Signal: High vol/OI on 0DTE calls indicating aggressive bullish positioning
~Noise: Put hedge at 247.5 suggests downside risk, not pure noise