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AMZN

Amazon.com, Inc.Close $231.39EOD only
Max Pain
$230.00
Next expiry Jul 29, 2026
Expected Move
±$5.74
2.5% from close
Price Gap
-1.39
Distance to max pain
IV Rank
26
Middle-high premium
P/C OI
0.65
Slightly call-heavy
Consensus
8.5/10
Bullish tilt
Published snapshot: Jul 27, 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
Jul 27, 2026 close
AMZN Theta Report
Analysis based on market close June 11, 2026
DirectionalTheta GangFlowEarningsConsensus

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

You are viewing an older report from June 11, 2026. A newer theta report is available for June 29, 2026.

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Theta Verdict

Attractiveness8 / 10
Sizing: Aggressive
Primary: Sell put credit spreads
Invalidation: Break below $228.66 or VIX above 25
Confidence:
9 / 10
base 5; +2 GEX/flow strongly aligned; +1 GEX positive (pinning); +0.5 spot 1.4% from MP; +0.5 VIX 19

IV Environment

IV Regime
Normal
IV vs VIX
IV 40% vs VIX 19, elevated for single stock.
Favorable?
Yes

Term structure: Front-end IV elevated (1d 31%, 4d 27%), then rise; event premium.

📈GEX +$92.4M, dealer long gamma supports pinning near max pain $245.
⚠️Spot below MP, but strong support at $228.66.

Pin Risk Assessment

Spot vs MP: Below

GEX regime: Pinning ($+92.4M)

OI concentrations: Max pain pins at $245 (6/12), $248 (6/15,6/17). Call OI wall $260-$350. No meaningful put OI below spot.

Verdict: Gamma pinning; spot likely drifts to $245-$248. Minimal downside risk given support.

Premium Opportunities

#1
Put credit spread
Sell 2026-07-17 $230.00/$220.00 put spread
Sell $230/$220 put spread for 49 DTE capturing elevated premium with support at $228.66.
Credit: $2.02-$2.47
Max loss: $7.53
BE: $227.53
Mgmt: Close at 50% max profit or if spot breaks $228.66.
#2
Iron condor
Sell 2026-08-21 $220.00/$205.00 put wing and $275.00/$295.00 call wing
Sell $220/$205 put wing and $275/$295 call wing for 70 DTE, profiting from time decay and IV contraction.
Credit: $5.38-$6.57
Max loss: $13.43
BE: 213.43 / 281.57
Mgmt: Monitor IV; adjust or close early if IV collapses.

Risk Alerts

!Spot below max pain; potential upward drift.
!Short-term IV high; theta decay beneficial.
!Watch for event risk near front expiration.
How to Use These Reports
This theta reflects the market close on June 11, 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.