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AMZN

Amazon.com, Inc.Close $232.79EOD only

Max Pain

$240.00

Next expiry Jun 24, 2026

Expected Move

±$5.53

2.4% from close

Price Gap

+7.21

Distance to max pain

IV Rank

Low premium

P/C OI

0.65

Slightly call-heavy

Consensus

6.0/10

Bullish tilt

Published snapshot: Jun 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

Jun 22, 2026 close

AMZN Flow Report

Analysis based on market close June 23, 2026

Directional Theta Gang Flow Earnings Consensus

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

Flow Verdict

Confidence:

6.5 / 10

base 5; -1 GEX/flow contradict; +1 GEX positive (pinning); +1 spot 0.4% from MP; +0.5 VIX 19

Watch next session: $235; $240; $230

Flow Summary

Net premium: -$15.8M bearish

P/C volume ratio: 0.44

P/C OI ratio: 0.63

AMZN sees heavy 0DTE call buying near $235, positive gamma $79.8M. Despite market selloff, options flow leans bullish. Net premium negative suggests some put hedging. Pinning likely near $235.

Notable Prints

AMZN 2026-06-24 $237.50 Call

Vol: 38,154

OI: 2,003

Vol/OI: 19.1x

IV: 27.3%

Notional: ~$2.5M

Intent: Bullish speculation

Read-through: High volume opening calls

AMZN 2026-06-24 $235.00 Put

Vol: 20,062

OI: 1,290

Vol/OI: 15.6x

IV: 27.2%

Notional: ~$4.5M

Intent: Bearish hedging

Read-through: New put positions for protection

AMZN 2026-06-24 $232.50 Put

Vol: 19,837

OI: 1,368

Vol/OI: 14.5x

IV: 27.4%

Notional: ~$2.2M

Intent: Bearish positioning

Read-through: Large put buying

AMZN 2026-06-24 $235.00 Call

Vol: 49,363

OI: 5,100

Vol/OI: 9.7x

IV: 27.5%

Notional: ~$7.2M

Intent: Bullish accumulation

Read-through: Heavy call volume

AMZN 2026-06-24 $230.00 Put

Vol: 23,834

OI: 2,516

Vol/OI: 9.5x

IV: 28.1%

Notional: ~$1.2M

Intent: Bearish hedge

Read-through: Put buying for downside

Institutional Positioning

Call additions: Heavy call buying at $237.5, $235, $240 strikes (vol 38k, 49k, 39k) – upside bets or short covering.

Put additions: Large put volumes at $235 (20k), $232.5 (19k), $230 (23k) – downside hedging or bearish positioning.

GEX/DEX consistency: GEX +$79.8M and DEX +99.5M shares consistent with positive dealer gamma, supporting pinning.

OI clusters: Largest OI at $240C (5.5k), $235C (5.1k), $230P (2.5k), $235P (1.3k) – MP likely $235.

Hedging evidence: Put additions at key strikes suggest hedging; no explicit collars detected.

Max pain context: Max pain at $235, spot near MP; pinning expected for expiration.

Signal vs Noise

~OTM calls at $210 and $212.5 with low OI and high IV are noise.

~227.5 put with low OI and moderate vol is noise.

~Large flows at $235-240 calls and $230-235 puts are real signal.

Key Conclusions

🟢Large call buildup at $235-240 and positive GEX indicate bullish bias with dealer support.

⚠️Put accumulation at $230-235 suggests hedging; downside protection active.

How to Use These Reports

This flow reflects the market close on June 23, 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.