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AMZN

Amazon.com, Inc.Close $266.32EOD only
Max Pain
$262.50
Next expiry May 26, 2026
Expected Move
±$4.14
1.6% from close
Price Gap
-3.82
Distance to max pain
IV Rank
23
Low premium
P/C OI
0.59
Slightly call-heavy
Consensus
8.0/10
Bullish tilt
Published snapshot: May 22, 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 22, 2026 close
AMZN Flow Report
Analysis based on market close May 26, 2026
DirectionalTheta GangFlowEarningsConsensus

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

Flow Verdict

BiasBullish
Confirmation: Aggressive call buying with huge vol/oi ratios, low put/call ratio, positive gamma, spot above MP, low VIX.
Invalidation: Break below gamma flip at 200 or sustained drop below $260.
Confidence:
9 / 10
base 5; +2 GEX/flow strongly aligned; +1 GEX positive (pinning); +0.5 spot 1.1% from MP; +1 VIX 17

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

Flow Summary

Net premium: +$150.3M bullish

P/C volume ratio: 0.41

P/C OI ratio: 0.58

Flow heavily bullish: massive call buying at $265, net premium $150M, put/call volume 0.41, GEX +$340M, pinning above MP, VIX 17. Confidence base 9.

Notable Prints

#1
AMZN 2026-05-26 $265.00 Call
Vol: 54,373
OI: 1,699
Vol/OI: 32.0x
IV: 3.9%
Notional: ~$1.5M
Intent: Bullish bet

Read-through: Bullish momentum

#2
AMZN 2026-05-27 $262.50 Call
Vol: 5,588
OI: 177
Vol/OI: 31.6x
IV: 21.0%
Notional: ~$1.8M
Intent: Bullish roll

Read-through: Expects rise

#3
AMZN 2026-05-26 $265.00 Put
Vol: 25,230
OI: 1,176
Vol/OI: 21.4x
IV: 2.2%
Notional: ~$76K
Intent: Hedge

Read-through: Downside protection

#4
AMZN 2026-05-27 $257.50 Put
Vol: 2,195
OI: 189
Vol/OI: 11.6x
IV: 23.4%
Notional: ~$13K
Intent: Protective put

Read-through: Bearish hedge

#5
AMZN 2026-05-27 $265.00 Call
Vol: 16,320
OI: 1,459
Vol/OI: 11.2x
IV: 19.6%
Notional: ~$2.7M
Intent: Bullish

Read-through: Confirms trend

Institutional Positioning

Call additions: Massive 0DTE call buying at 265, also 5/27 calls; net premium +$150M.

Put additions: Heavy 0DTE put buying at 265 (hedging) and 257.5-262.5.

GEX/DEX consistency: Yes, GEX +$340M, DEX +136M shares; regime Bullish/Pinning.

OI clusters: 265 is key; put OI 31.9k below spot, call OI building.

Hedging evidence: Puts at 265 and 260 suggest collars/protection on longs.

Max pain context: MP below spot; pinning expected near 265.

Signal vs Noise

~0DTE 265 call/put massive volume likely MM hedging noise.
~Sustained call buying across expiries is real signal.
~Put volume at 257.5-262.5 consistent with protective hedging.

Key Conclusions

🚀Aggressive call accumulation at 265 signals bullish conviction; expect pinning.
🛡️Put hedging at 260-265 suggests downside protection, not bearish bet.
How to Use These Reports
This flow reflects the market close on May 26, 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.