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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 22, 2026

Directional Theta Gang Flow Earnings Consensus

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

Flow Verdict

Confidence:

5.5 / 10

base 5; -1 GEX/flow contradict; +1 GEX positive (pinning); -0.5 spot 3.0% from MP; +1 VIX 17

Watch next session: SPY direction; VIX

Flow Summary

Net premium: -$28.1M bearish

P/C volume ratio: 0.45

P/C OI ratio: 0.65

Heavy call accumulation on OTM weekly strikes suggests speculative upside positioning. Gamma pinning near $235 supports bullish bias as long as spot stays above $230. Net premium negative but call volume dominates, indicating mixed but leaning bullish.

Notable Prints

AMZN 2026-06-22 $235.00 Call

Vol: 113,569

OI: 661

Vol/OI: 171.8x

IV: 9.0%

Notional: ~$114K

Intent: Speculative OTM call buying

Read-through: Bullish, potential gamma squeeze.

AMZN 2026-06-22 $232.50 Call

Vol: 28,153

OI: 166

Vol/OI: 169.6x

IV: 9.9%

Notional: ~$1.5M

Intent: Aggressive call buying

Read-through: Expects rally above 232.5.

AMZN 2026-06-24 $235.00 Call

Vol: 19,157

OI: 191

Vol/OI: 100.3x

IV: 33.7%

Notional: ~$3.4M

Intent: Short-term bullish bet

Read-through: Weekly expiry, high IV.

AMZN 2026-06-22 $232.50 Put

Vol: 37,714

OI: 760

Vol/OI: 49.6x

IV: 4.4%

Notional: ~$302K

Intent: Hedging or bearish bet

Read-through: Tail risk protection.

AMZN 2026-06-22 $237.50 Call

Vol: 46,402

OI: 1,195

Vol/OI: 38.8x

IV: 17.2%

Notional: ~$46K

Intent: Unclear flow intent

Read-through: Needs contextual interpretation.

Institutional Positioning

Call additions: Adds at 232.5-237.5 calls; 235C vol 113k (171x OI), 237.5C 46k.

Put additions: Adds at 227.5-232.5 puts; 232.5P vol 37k (49x OI), 230P 22k.

GEX/DEX consistency: GEX +$18.6M, DEX +97.5M shares; consistent with positive gamma pinning.

OI clusters: OI: 230P 906, 232.5P 760, 235C 661, 237.5C 1195, 240C 1712.

Hedging evidence: Far OTM 267.5P (IV 113%) tail hedge; put activity at 230-232.5 for downside.

Max pain context: Spot 3% below MP; gamma pinning near 235; MP path supports 230-235 pin.

Signal vs Noise

~High vol/OI on 235C, 237.5C, 232.5P is signal of directional bets.

~Far OTM 267.5P with low OI and high IV is noise (tail hedge).

~Weekly 235C and 237.5C with low OI but high vol likely short-dated speculation.

Key Conclusions

📈Institutions loading OTM calls at 235/237.5 despite tech weakness; bullish bet on reversal.

🛡️Concentrated put hedging at 230-232.5 and a far OTM tail risk put suggest cautious positioning.

⚡Positive GEX/DEX and gamma pinning support spot stabilization near 230-235.

How to Use These Reports

This flow reflects the market close on June 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.