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AMZN

Amazon.com, Inc.Close $262.07EOD only
Max Pain
$257.50
Next expiry Aug 26, 2026
Expected Move
±$4.77
1.8% from close
Price Gap
-4.57
Distance to max pain
IV Rank
3
Low premium
P/C OI
0.71
Slightly call-heavy
Consensus
8.5/10
Bullish tilt
Published snapshot: Aug 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
Aug 24, 2026 close
AMZN Theta Report
Analysis based on market close May 26, 2026
DirectionalTheta GangFlowEarningsConsensus

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

You are viewing an older report from May 26, 2026. A newer theta report is available for June 29, 2026.

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Theta Verdict

Attractiveness9 / 10
Sizing: Aggressive
Primary: Theta strategies
Invalidation: Spot breaks below 262 support or above 275 resistance.
Confidence:
9 / 10
base 5; +2 GEX/flow strongly aligned; +1 GEX positive (pinning); +0.5 spot 1.1% from MP; +1 VIX 17

IV Environment

IV Regime
Normal
IV vs VIX
36.1% avg IV vs VIX 17.0 – elevated, favorable for sellers
Favorable?
Yes

Term structure: Steep near-term backwardation up to 3d, then normal contango; 0dte has extreme put IV skew

📈IV elevated; term structure supports short premium near-term.
⚡GEX $+340M bullish, pinning likely around max pain $262.

Pin Risk Assessment

Spot vs MP: Above

GEX regime: Pinning ($+340.3M)

Gamma flip: ~$200.00 — Approx — based on put OI concentration of 31,931 (24.6% below spot)

OI concentrations: Put floor $200-$200, Call wall $300-$370; max pain multiple pins $262-$265

Verdict: Moderate pin risk due to high OI concentration near spot and multiple max pain levels.

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How to Use These Reports
This theta reflects the market close on May 26, 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.