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AMZN

Amazon.com, Inc.Close $265.01EOD only

Max Pain

$260.00

Next expiry May 22, 2026

Expected Move

±$5.47

2.1% from close

Price Gap

-5.01

Distance to max pain

IV Rank

Low premium

P/C OI

0.58

Slightly call-heavy

Consensus

8.5/10

Bullish tilt

Published snapshot: May 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

May 20, 2026 close

AMZN Flow Report

Analysis based on market close May 20, 2026

Directional Theta Gang Flow Earnings Consensus

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

Flow Verdict

Confidence:

9 / 10

base 5; +2 GEX/flow strongly aligned; +1 GEX positive (pinning); +0.5 spot 1.9% from MP; +1 VIX 17

Watch next session: $265 call OI; $262.5 put activity

Flow Summary

Net premium: +$143.0M bullish

P/C volume ratio: 0.37

P/C OI ratio: 0.58

Heavy call buying drives positive gamma ($444.5M GEX) with net premium $143M. P/C volume ratio 0.37 reflects strong bullish flow. Unusual prints show massive call volume at 262.5-267.5 strikes. Conditions favor continued upside. VIX moderate supports trend.

Notable Prints

AMZN 2026-05-26 $262.50 Call

Vol: 4,739

OI: 175

Vol/OI: 27.1x

IV: 26.2%

Notional: ~$2.5M

Intent: Bullish speculation

Read-through: Expects stock above $262.50 by 5/26

AMZN 2026-05-20 $262.50 Put

Vol: 36,651

OI: 1,665

Vol/OI: 22.0x

IV: 10.2%

Notional: ~$37K

Intent: Bearish hedge

Dual read: May be part of a spread

Read-through: Expects stock below $262.50 by 5/20

AMZN 2026-05-20 $267.50 Call

Vol: 28,956

OI: 2,455

Vol/OI: 11.8x

IV: 9.0%

Notional: ~$29K

Intent: Lottery ticket

Read-through: Low probability upside

AMZN 2026-05-20 $262.50 Call

Vol: 65,405

OI: 5,613

Vol/OI: 11.7x

IV: 13.7%

Notional: ~$15.4M

Intent: Bullish near money

Read-through: Expects stock above $262.50

AMZN 2026-05-20 $265.00 Call

Vol: 109,127

OI: 9,692

Vol/OI: 11.3x

IV: 4.8%

Notional: ~$2.6M

Intent: Speculative call

Read-through: Expects stock above $265

Institutional Positioning

Call additions: Bullish call buying at 265c, 262.5c, 267.5c (vol/OI>10).

Put additions: Large put vol at 262.5 but near zero; likely hedging.

GEX/DEX consistency: GEX+444.5M, DEX+137M; both bullish, consistent with pinning.

OI clusters: Top OI: 265c 9.7k, 262.5c 5.6k, 260p 5.1k.

Hedging evidence: Put at 262.5 may hedge short calls; no collars.

Max pain context: MP ~262.5; spot above, pinning likely.

Signal vs Noise

~High vol/OI at 265c and 262.5c is signal of aggressive call buying.

~Put at 262.5 with high vol but $0.01 price is noise.

~OTM put at 222.5 with low volume is noise.

Key Conclusions

📈Institutions adding calls near 265; bullish flow.

📊Positive GEX/DEX align with pinning above MP.

⚠️Large put OI below spot (31.9k) may support downside.

How to Use These Reports

This flow reflects the market close on May 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.