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AMZN

Amazon.com, Inc.Close $268.46EOD only

Max Pain

$260.00

Next expiry May 22, 2026

Expected Move

±$3.56

1.3% from close

Price Gap

-8.46

Distance to max pain

IV Rank

Low premium

P/C OI

0.58

Slightly call-heavy

Consensus

9.0/10

Bullish tilt

Published snapshot: May 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

May 21, 2026 close

AMZN Flow Report

Analysis based on market close May 22, 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 1.5% from MP; +1 VIX 17

Watch next session: $270 call gamma; $267.5 put hedging

Flow Summary

Net premium: +$105.9M bullish

P/C volume ratio: 0.34

P/C OI ratio: 0.59

Bullish flow: net premium +$106M, PC vol ratio 0.34, dealers short delta (+138M) and long gamma (+$364M). Heavy call accumulation at $270 and $272.5 for near-term expirations. Gamma pinning above MP supports upside bias towards $272.5.

Notable Prints

AMZN 2026-05-26 $270.00 Call

Vol: 24,297

OI: 1,772

Vol/OI: 13.7x

IV: 16.6%

Notional: ~$1.7M

Intent: Bullish speculation on near-term rally

Dual read: Could be aggressive call buying or covering

Read-through: High call volume suggests institutional accumulation at 270 strike.

AMZN 2026-05-26 $267.50 Call

Vol: 9,971

OI: 974

Vol/OI: 10.2x

IV: 16.9%

Notional: ~$1.5M

Intent: Leveraged bullish bet slightly ITM

Dual read: May be a hedge but flow is bullish

Read-through: Traders betting on upward momentum.

AMZN 2026-05-26 $262.50 Put

Vol: 4,317

OI: 451

Vol/OI: 9.6x

IV: 17.5%

Notional: ~$319K

Intent: Bearish hedge against downside risk

Dual read: Could be profit-taking on prior puts, but high put volume suggests hedging

Read-through: Hedging activity despite bullish flow indicates caution.

AMZN 2026-05-26 $272.50 Call

Vol: 5,408

OI: 766

Vol/OI: 7.1x

IV: 17.3%

Notional: ~$206K

Intent: Unclear flow intent

Read-through: Needs contextual interpretation.

AMZN 2026-05-22 $270.00 Call

Vol: 98,022

OI: 15,953

Vol/OI: 6.1x

IV: 12.1%

Notional: ~$98K

Intent: Unclear flow intent

Read-through: Needs contextual interpretation.

Institutional Positioning

Call additions: Strong call buying at 270/267.5 strikes; net premium +$105.9M.

Put additions: Modest put activity at 267.5/262.5; hedging or bearish bets.

GEX/DEX consistency: Consistent: GEX +$364.2M, DEX +137.8M shares align bullish.

OI clusters: Largest OI at 270/267.5 calls; key support/resistance levels.

Hedging evidence: Puts at 267.5/262.5 suggest collars or protective hedges.

Max pain context: MP ~$267.5; spot above; gamma pinning limits deviation.

Signal vs Noise

~Heavy call volume 5-13x OI at 270/267.5 is real demand.

~Put ratio drop <0.4 confirms bullish flow.

~Low VIX and strong GEX support bullish conviction.

~Modest put vol at 267.5 may be noise; low OI context.

Key Conclusions

🚀Institutions accumulating calls aggressively; bullish sentiment confirmed.

⚠️Put hedging at 267.5 warns of potential pullback.

📌Gamma pinning keeps spot near MP; limited short-term movement.

How to Use These Reports

This flow reflects the market close on May 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.