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AMZN

Amazon.com, Inc.Close $234.27EOD only

Max Pain

$237.50

Next expiry Jun 26, 2026

Expected Move

±$5.81

2.5% from close

Price Gap

+3.23

Distance to max pain

IV Rank

Low premium

P/C OI

0.62

Slightly call-heavy

Consensus

6.5/10

Bullish tilt

Published snapshot: Jun 24, 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 24, 2026 close

AMZN Flow Report

Analysis based on market close June 25, 2026

Directional Theta Gang Flow Earnings Consensus

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

Flow Verdict

Confidence:

7 / 10

base 5; +2 GEX/flow strongly aligned; -0.5 spot 4.4% from MP; +0.5 VIX 19

Watch next session: AMZN 2026-06-26 calls

Flow Summary

Net premium: -$123.2M bearish

P/C volume ratio: 0.65

P/C OI ratio: 0.62

Massive call buying in 06-26 $230 and $232.5 strikes dominates flow. Negative net premium is offset by low put/call ratio. Spot below MP but gamma trending suggests upside potential. Unusual prints signal strong bullish bias.

Notable Prints

AMZN 2026-06-26 $227.50 Call

Vol: 14,410

OI: 131

Vol/OI: 110.0x

IV: 33.9%

Notional: ~$2.7M

Intent: Bullish bet on near-term pop

Dual read: Could be closing, but OI low suggests opening

Read-through: Aggressive speculative buying

AMZN 2026-06-26 $230.00 Call

Vol: 44,504

OI: 2,041

Vol/OI: 21.8x

IV: 32.1%

Notional: ~$4.1M

Intent: Bullish momentum play

Read-through: Strong bullish conviction

AMZN 2026-06-29 $242.50 Put

Vol: 4,230

OI: 232

Vol/OI: 18.2x

IV: 62.4%

Notional: ~$6.4M

Intent: Hedge or bearish bet on decline

Dual read: Possibly part of collar

Read-through: Downside protection or speculation

AMZN 2026-07-02 $230.00 Call

Vol: 9,936

OI: 859

Vol/OI: 11.6x

IV: 35.5%

Notional: ~$3.3M

Intent: Unclear flow intent

Read-through: Needs contextual interpretation.

AMZN 2026-06-29 $240.00 Put

Vol: 3,689

OI: 323

Vol/OI: 11.4x

IV: 53.7%

Notional: ~$4.6M

Intent: Unclear flow intent

Read-through: Needs contextual interpretation.

Institutional Positioning

Call additions: Heavy front-week call buying at 225-232.5 strikes, notably 6/26 $227.5C (vol/OI 110x) and $230C (21.8x), plus 6/29 and 7/2 $230C.

Put additions: Notable put buying at 6/29 $242.5P (18.2x) and $240P (11.4x), above current spot, suggesting hedging or bearish bets.

GEX/DEX consistency: GEX -$12.3M (negative gamma) vs DEX +101M shares (long delta) – inconsistent; dealers net long delta but short gamma, amplifying moves.

OI clusters: Largest OI: 6/26 $232.5C (2346), $230C (2041); 6/29 $242.5P (232), $240P (323). Concentrated near-term strikes.

Hedging evidence: Put buying above spot and call buying below suggests potential collar or risk reversal positioning.

Max pain context: Spot ~$227 (est.) vs MP ~$240; 4.4% below, pinning risk toward MP if vol stays low.

Signal vs Noise

~Signal: Unusual call volume on 6/26 $227.5C with vol/OI 110x indicates aggressive short-dated bullish bets.

~Signal: Put buying at 6/29 $242.5P and $240P suggests institutional hedging above current spot.

~Noise: Many moderate vol/OI ratios (10-20x) are typical in high volume; not all are significant.

Key Conclusions

📊Negative GEX and positive DEX create vulnerable gamma profile; sharp moves likely if spot breaks $230.

📈Front-week call accumulation hints at bullish conviction but short-dated risk limits sustainability.

How to Use These Reports

This flow reflects the market close on June 25, 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.