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AMZN

Amazon.com, Inc.Close $261.31EOD only

Max Pain

$262.50

Next expiry Aug 19, 2026

Expected Move

±$4.87

1.9% from close

Price Gap

+1.19

Distance to max pain

IV Rank

Low premium

P/C OI

0.66

Slightly call-heavy

Consensus

8.5/10

Bullish tilt

Published snapshot: Aug 17, 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

Aug 17, 2026 close

AMZN Theta Report

Analysis based on market close May 19, 2026

Directional Theta Gang Flow Earnings Consensus

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

You are viewing an older report from May 19, 2026. A newer theta report is available for June 29, 2026.

View latest report

Theta Verdict

Confidence:

8.5 / 10

base 5; +2 GEX/flow strongly aligned; +1 GEX positive (pinning); +0.5 VIX 18

IV Environment

IV Regime

Normal

IV vs VIX

IV 36.5% vs VIX 18.1 — elevated

Favorable?

Yes

Term structure: 1d 24.3%, 3d 30.6% spike, then 7d 26% — event skew

📊Avg IV 36.5% high relative to VIX, term structure suggests event premium in 3d expiry

Pin Risk Assessment

Spot vs MP: Below

GEX regime: Pinning ($+204.2M)

Gamma flip: ~$200.00 — Approx — based on put OI concentration of 31,926 (22.9% below spot)

OI concentrations: Put OI 31.9k at $200 (22.9% below spot); Call OI wall $275-$370

Verdict: Max pain $265; gamma flip $200; upward pinning bias

Premium Opportunities

Put credit spread

Sell 2026-06-12 $255.00/$250.00 put spread

Sell $255/$250 put spread, expiring 2026-06-12, collecting up to $1.87 credit.

Credit: $1.53-$1.87

Max loss: $3.13

BE: $253.13

Mgmt: Exit if spot breaks below $200 gamma flip or at 50% max gain.

Iron condor

Sell 2026-06-18 $260.00/$255.00 put wing and $270.00/$275.00 call wing

Sell $260/$255 put wing and $270/$275 call wing, expiring 2026-06-18.

Credit: $3.31-$4.04

Max loss: $0.96

BE: 255.96 / 274.04

Mgmt: Adjust wings if spot approaches $260 or $270; close at 50% max gain or 21 DTE.

Risk Alerts

!Spot below $265 max pain; upside gamma exposure

!3d IV spike indicates event risk

How to Use These Reports

This theta reflects the market close on May 19, 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.