thetaOwl
HomeOptionsAMZNReports

AMZN

Amazon.com, Inc.Close $258.90EOD only
Max Pain
$257.50
Next expiry Sep 4, 2026
Expected Move
±$3.56
1.4% from close
Price Gap
-1.40
Distance to max pain
IV Rank
3
Low premium
P/C OI
0.70
Slightly call-heavy
Consensus
8.5/10
Bullish tilt
Published snapshot: Sep 3, 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
Sep 3, 2026 close
AMZN Theta Report
Analysis based on market close June 5, 2026
DirectionalTheta GangFlowEarningsConsensus

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

You are viewing an older report from June 5, 2026. A newer theta report is available for June 29, 2026.

View latest report

Theta Verdict

Attractiveness6 / 10
Sizing: Moderate
Primary: Short Put
Invalidation: Spot below $232.95 or VIX above 30
Confidence:
5 / 10
base 5; -1 GEX/flow contradict; +1 GEX positive (pinning); -0.5 spot 3.5% from MP; +0.5 VIX 22

IV Environment

IV Regime
Normal
IV vs VIX
IV 43% > VIX 22%
Favorable?
Yes

Term structure: Front-end steep; 0DTE low but 3-day IV 28%

📈IV premium elevated vs VIX
⚠️0DTE IV anomaly; sharp jump to 28% by 3d

Pin Risk Assessment

Spot vs MP: Below

GEX regime: Pinning ($+47.2M)

OI concentrations: Max Pain $255 (6/5,6/8,6/10); call wall $270-$320; support $233

Verdict: Pinning at $255 likely; spot below so upward drift

Premium Opportunities

#1
Put credit spread
Sell 2026-07-10 $240.00/$235.00 put spread
Sell $240/$235 put spread to collect premium with high IV.
Credit: $1.48-$1.81
Max loss: $3.19
BE: $238.19
Mgmt: Close at 50% max gain or if spot breaches 232.95.
#2
Short strangle
Sell 2026-07-10 $235.00 put + sell $270.00 call
Sell $235 put and $270 call to capture elevated IV around pin at $255.
Credit: $7.17-$8.76
Max loss: Unlimited
BE: 226.24 / 278.76
Mgmt: Monitor closely; adjust or close if spot approaches strikes.

Risk Alerts

!Market sell-off (SPY -2.6%, QQQ -4.8%)
!0DTE IV anomaly; term structure spike
!Large call wall caps upside above $270
How to Use These Reports
This theta reflects the market close on June 5, 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.