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AMZN

Amazon.com, Inc.Close $244.39EOD only

Max Pain

$240.00

Next expiry Jun 22, 2026

Expected Move

±$4.29

1.8% from close

Price Gap

-4.39

Distance to max pain

IV Rank

100

High premium

P/C OI

0.63

Slightly call-heavy

Consensus

8.5/10

Bullish tilt

Published snapshot: Jun 18, 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

Jun 18, 2026 close

AMZN Flow Report

Analysis based on market close June 18, 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); -1 spot 11.1% from MP; +1 VIX 16

Watch next session: Monitor 242.5 put OI for support; 245 gamma flip as resistance

Flow Summary

Net premium: +$240.7M bullish

P/C volume ratio: 0.39

P/C OI ratio: 0.63

Massive call buying, especially 6/18 245C (147k vol), drove net premium to $240M and GEX +$290M. Low put/call ratio (0.39) and bullish flow regime signal upward momentum. Gamma pinning near 245 supports short-term upside. VIX at 16 favors calls. Spot far above max pain but hedge pressure expected.

Notable Prints

AMZN 2026-06-22 $225.00 Call

Vol: 3,476

OI: 237

Vol/OI: 14.7x

IV: 70.6%

Notional: ~$6.3M

Intent: Bullish delta acquisition

Read-through: Expect upside toward strike

AMZN 2026-06-18 $242.50 Put

Vol: 60,959

OI: 4,662

Vol/OI: 13.1x

IV: 7.6%

Notional: ~$61K

Intent: Hedge or speculation at low cost

Dual read: Possible closing of short puts

Read-through: Minor protection against drop

AMZN 2026-06-22 $245.00 Call

Vol: 28,357

OI: 2,194

Vol/OI: 12.9x

IV: 19.9%

Notional: ~$5.2M

Intent: Bullish directional bet

Read-through: Anticipate move above $245

AMZN 2026-07-31 $255.00 Call

Vol: 1,186

OI: 122

Vol/OI: 9.7x

IV: 40.9%

Notional: ~$990K

Intent: Speculative long-dated bullish

Dual read: High IV suggests buying pressure

Read-through: Expect upside to $255 by late July

AMZN 2026-06-22 $242.50 Put

Vol: 5,702

OI: 641

Vol/OI: 8.9x

IV: 20.6%

Notional: ~$764K

Intent: Bearish hedge

Dual read: Opening bearish position

Read-through: Modest downside protection

Institutional Positioning

Call additions: Aggressive call buying at $245 (147k vol) and $242.5 for 6/18; also longer-dated calls up to $255 7/31.

Put additions: Notable put activity at $242.5 for 6/18 (61k vol) with low IV, likely hedging or rolling.

GEX/DEX consistency: Consistent: GEX +$290M, DEX +119M shares, flow bullish, gamma pinning.

OI clusters: Largest OI at $245 call (17.7k) for 6/18; also $242.5 call (12k).

Hedging evidence: Heavy put volume at $242.5 with low IV suggests collar or protective put activity.

Max pain context: Spot ~11% above MP, pinning expected near current levels.

Signal vs Noise

~High call volume on 6/18 $245 strike signals bullish momentum.

~Low IV puts on 6/18 $242.5 are likely noise (hedging not directional).

~Long-dated call accumulation adds conviction.

Key Conclusions

📈Call dominance with 0.39 P/C vol ratio confirms bullish flow.

🛡️Hedging via put activity at $242.5 suggests risk management.

📌Gamma pinning near current levels with GEX positive.

How to Use These Reports

This flow reflects the market close on June 18, 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.