thetaOwl
HomeOptionsAMZNReports

AMZN

Amazon.com, Inc.Close $248.28EOD only
Max Pain
$240.00
Next expiry Apr 22, 2026
Expected Move
±$4.70
1.9% from close
Price Gap
-8.28
Distance to max pain
IV Rank
31
Middle-high premium
P/C OI
0.58
Slightly call-heavy
Consensus
6.0/10
Range bias
Published snapshot: Apr 20, 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
Apr 20, 2026 close
AMZN AI Consensus Report
Analysis based on market close April 21, 2026
DirectionalTheta GangFlowEarningsConsensus

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

Conviction
6.0

out of 10

Score 6 because positioning and GEX align for a pin but material event/IV risk and contradictory incentives between buyers (flow) and sellers (theta/earnings) create a near-term binary that caps conviction.

Where Perspectives Agree

Modest bullish pin above $245 with dealer positioning supporting mean drift toward $250–$260; short-gamma dynamics amplify directional moves.

Where They Diverge

Flow signals of institutional accumulation (flow persona) clash with earnings-term structure and theta setups that prefer selling into pinning—if IV term structure compresses post-event, buying pressure from flow would be undermined and rollable theta sells become loss-making; directional longs assume trend that earnings/time-decay sellers implicitly resist.

Top Trade
via theta

Sell 2026-05-29 $245/$220 put spread for credit (theta trade).

Key Risk

Break and close below $245 triggers dealer gamma flip and a cascading sell—price would likely accelerate toward ~$232 gap/fill, invalidating the pin and neutralizing theta income.

How to Use These Reports
This ai consensus reflects the market close on April 21, 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.