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AMZN

Amazon.com, Inc.Close $232.69EOD only
Max Pain
$232.50
Next expiry Jun 29, 2026
Expected Move
±$4.59
2.0% from close
Price Gap
-0.19
Distance to max pain
IV Rank
17
Low premium
P/C OI
0.61
Slightly call-heavy
Consensus
8.5/10
Bullish tilt
Published snapshot: Jun 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
Jun 26, 2026 close
AMZN Theta Report
Analysis based on market close May 13, 2026
DirectionalTheta GangFlowEarningsConsensus

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

You are viewing an older report from May 13, 2026. A newer theta report is available for June 26, 2026.

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Theta Verdict

Attractiveness8 / 10
Sizing: Aggressive
Primary: Short Puts
Invalidation: Spot breaks below $256.73 support
Confidence:
9 / 10
base 5; +2 GEX/flow strongly aligned; +1 GEX positive (pinning); +0.5 spot 1.9% from MP; +1 VIX 18

IV Environment

IV Regime
Normal
IV vs VIX
IV(38.5%) > VIX(17.9%) - elevated
Favorable?
Yes

Term structure: Steep near-term; 0dte low, 2dte spike; backwardation

💰High IV premium relative to VIX; favorable for selling

Pin Risk Assessment

Spot vs MP: Above

GEX regime: Pinning ($+458.5M)

OI concentrations: Max pain $265; call wall $300-$370; put support $265

Verdict: Low

Premium Opportunities

#1
Cash-secured put
Sell 2026-07-17 $250.00 cash-secured put
Sell $250 put for $5.15–$6.30 credit; IV 38.5% vs VIX 17.9%.
Credit: $5.15-$6.30
Max loss: $243.70
BE: $243.70
Mgmt: Monitor invalidation at $265; close at 50% profit or before earnings.
#2
Put credit spread
Sell 2026-07-17 $265.00/$260.00 put spread
Sell $265/$260 put spread for $1.71–$2.09 credit; max loss $2.91.
Credit: $1.71-$2.09
Max loss: $2.91
BE: $262.91
Mgmt: Manage at $265 invalidation; take profit at 50% max gain.
#3
Iron condor
Sell 2026-07-17 $265.00/$260.00 put wing and $275.00/$280.00 call wing
Sell $265/$260 put and $275/$280 call wings for $3.60–$4.40 credit; max loss $0.60.
Credit: $3.60-$4.40
Max loss: $0.60
BE: 260.60 / 279.40
Mgmt: Lock profit at 50%; adjust if price nears wings.

Risk Alerts

!High IV may compress quickly
!Tail risk from call wall above $300
How to Use These Reports
This theta reflects the market close on May 13, 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.