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AMZN

Amazon.com, Inc.Close $250.00EOD only
Max Pain
$252.50
Next expiry Oct 19, 2026
Expected Move
±$4.06
1.6% from close
Price Gap
+2.50
Distance to max pain
IV Rank
42
Middle-high premium
P/C OI
0.68
Slightly call-heavy
Consensus
8.5/10
Bullish tilt
Published snapshot: Oct 16, 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
Oct 16, 2026 close
AMZN Theta Report
Analysis based on market close June 4, 2026
DirectionalTheta GangFlowEarningsConsensus

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

You are viewing an older report from June 4, 2026. A newer theta report is available for June 29, 2026.

View latest report

Theta Verdict

Attractiveness9 / 10
Sizing: Aggressive
Primary: Premium Selling
Invalidation: Below $241.61 or above $255
Confidence:
9 / 10
base 5; +2 GEX/flow strongly aligned; +1 GEX positive (pinning); +1 spot 0.5% from MP; +1 VIX 15

IV Environment

IV Regime
Normal
IV vs VIX
IV 38.88% vs VIX 15.4, elevated
Favorable?
Yes

Term structure: Front-week ATM 23.56%, calls 45.88% skew steep; tail contango

📊Avg IV 38.88% well above VIX 15.4, premium selling favorable
⚖️Front-week call skew 45.88% vs put 41.1%, bearish skew

Pin Risk Assessment

Spot vs MP: At

GEX regime: Pinning ($+183.7M)

OI concentrations: Max pain $255 across multiple expiries; call OI wall $270-$370, puts light

Verdict: Pinning at $255 with heavy call resistance above, limited downside support

Premium Opportunities

#1
Iron condor
Sell 2026-08-21 $240.00/$230.00 put wing and $255.00/$270.00 call wing
Sell 240/230 put wing and 255/270 call wing for Aug 21 expiry.
Credit: $8.35-$10.20
Max loss: $4.80
BE: 229.80 / 265.20
Mgmt: Close at 50% max profit or before earnings; adjust if spot breaks $255.
#2
Put credit spread
Sell 2026-07-02 $240.00/$230.00 put spread
Sell Jul 2 240/230 put spread.
Credit: $1.50-$1.84
Max loss: $8.16
BE: $238.16
Mgmt: Close at 50% max profit or if spot falls below $241.61.

Risk Alerts

!Front-week skew elevated; monitor gamma flip if spot breaks $255
How to Use These Reports
This theta reflects the market close on June 4, 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.