thetaOwl
HomeOptionsAMZNReports

AMZN

Amazon.com, Inc.Close $265.29EOD only
Max Pain
$265.00
Next expiry May 27, 2026
Expected Move
±$2.96
1.1% from close
Price Gap
-0.29
Distance to max pain
IV Rank
20
Low premium
P/C OI
0.58
Slightly call-heavy
Consensus
8.0/10
Bullish tilt
Published snapshot: May 26, 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
May 26, 2026 close
AMZN AI Consensus Report
Analysis based on market close April 8, 2026
DirectionalTheta GangFlowEarningsConsensus

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

You are viewing an older report from April 8, 2026. A newer ai consensus report is available for May 26, 2026.

View latest report
Conviction
6.5

out of 10

6.5 because GEX-driven pinning and bullish net premium are strong and aligned, but conviction is tempered by (1) distance above multi-expiration max-pain creating meaningful tail risk, (2) the concentrated call-wall that can blunt upside, and (3) a short time window before expiries where a macro shock could flip dealer gamma — enough alignment for action but not for high conviction.

Where Perspectives Agree

Market consensus across perspectives is pinning into the $220–$225 area with dealer short-gamma reinforcing any move toward those strikes — positioning and net premium favor mean reversion into that band rather than a clean trend continuation higher.

Where They Diverge

Theta-oriented playbooks push aggressive short-premium (tight put spreads/iron condors) to harvest pin benefits, but the directional view flags that spot is 6.6% above multi-expiration max pain and a sharp break below the 2-day EM floor would wipe out the pin; this makes pure premium-selling structurally risky. Additionally, concentrated call OI above $235 implies upside is non-linear and can be capped by large holders, which undermines a pure bullish breakout thesis.

Top Trade
via theta

Sell Apr 10 $217.50/$215 put spread for credit (defined-risk short put spread) — tactical theta play to monetize the pin.

Key Risk

A decisive break below $216.76 (the 2-day EM floor) flips dealer gamma out of pinning and would accelerate downside toward the multi-expiration max-pain near $207.50 — this single level/trigger invalidates the pin and negates the short-premium thesis.

How to Use These Reports
This ai consensus reflects the market close on April 8, 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.