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AMZN

Amazon.com, Inc.Close $234.11EOD only

Max Pain

$235.00

Next expiry Jun 24, 2026

Expected Move

±$3.69

1.6% from close

Price Gap

+0.89

Distance to max pain

IV Rank

Low premium

P/C OI

0.63

Slightly call-heavy

Consensus

6.5/10

Bullish tilt

Published snapshot: Jun 23, 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 23, 2026 close

AMZN Flow Report

Analysis based on market close June 24, 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 0.3% from MP; +0.5 VIX 19

Watch next session: $240 strike activity; gamma near MP; VIX <20

Flow Summary

Net premium: -$33.8M bearish

P/C volume ratio: 0.60

P/C OI ratio: 0.62

Net premium negative; heavy put buying at $237.5 and $240 (expiring today) suggests hedging or bearish positioning but reduced put volume needed for confirmation. Call volume slightly higher, OI leans calls. GEX positive (+$104.4M) supports pinning near MP. Mixed flow; bias neutral.

Notable Prints

AMZN 2026-06-24 $237.50 Put

Vol: 86,307

OI: 1,011

Vol/OI: 85.4x

IV: 30.9%

Notional: ~$26.8M

Intent: Bearish hedge/directional bet on drop below $237.50

Dual read: Could be part of put spread

Read-through: Expects weakness below $237.50

AMZN 2026-06-24 $240.00 Put

Vol: 63,164

OI: 761

Vol/OI: 83.0x

IV: 59.3%

Notional: ~$36.3M

Intent: Strong bearish positioning

Dual read: May hedge pinned position

Read-through: Significant downside risk perceived

AMZN 2026-06-24 $235.00 Put

Vol: 70,914

OI: 2,715

Vol/OI: 26.1x

IV: 11.0%

Notional: ~$2.1M

Intent: Cheap protection for tail risk

Read-through: Low premium, high vol/oi suggests speculative put buying

AMZN 2026-06-24 $242.50 Call

Vol: 75,631

OI: 3,436

Vol/OI: 22.0x

IV: 27.7%

Notional: ~$76K

Intent: Unclear flow intent

Read-through: Needs contextual interpretation.

AMZN 2026-06-24 $242.50 Put

Vol: 13,246

OI: 732

Vol/OI: 18.1x

IV: 53.3%

Notional: ~$11.2M

Intent: Unclear flow intent

Read-through: Needs contextual interpretation.

Institutional Positioning

Call additions: 237.5-245 strikes, notable 242.5C & 240C openings.

Put additions: 235-240 strikes, massive new put vol on 237.5P & 240P.

GEX/DEX consistency: GEX +$104M, DEX +101M shares, consistent with pinning.

OI clusters: Largest OI: 240C 10k, 237.5C 6.2k, 245C 4.6k, 235P 2.7k.

Hedging evidence: Put buying at 235-240 suggests downside hedging; no clear collars.

Max pain context: At MP near 240; pinning expected.

Signal vs Noise

~Massive put vol on 237.5/240 (high vol/oi) - real hedging signal

~240C vol 103k but low premium (0.02) - noise (expiration decay)

~242.5C vol 75k with low OI - likely speculative, not institutional

Key Conclusions

📈GEX positive & spot at MP suggest pinning support; call stacking at 240 reinforces.

⚠️Unusual put buying at 235-240 signals hedging; net premium negative cautions downside risk.

🔍Flow mixed; volume skewed calls but premium on puts; watch breakout from 235-245 range.

How to Use These Reports

This flow reflects the market close on June 24, 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.