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AMZN

Amazon.com, Inc.Close $238.55EOD only
Max Pain
$240.00
Next expiry Jun 15, 2026
Expected Move
±$4.50
1.9% from close
Price Gap
+1.45
Distance to max pain
IV Rank
52
Middle-high premium
P/C OI
0.65
Slightly call-heavy
Consensus
7.0/10
Bullish tilt
Published snapshot: Jun 12, 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
Jun 12, 2026 close
AMZN Theta Report
Analysis based on market close June 12, 2026
DirectionalTheta GangFlowEarningsConsensus

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

Theta Verdict

Attractiveness9 / 10
Sizing: Moderate
Primary: Short Puts
Invalidation: Break below 2d support $234.05 or VIX > 20
Confidence:
9 / 10
base 5; +2 GEX/flow strongly aligned; +1 GEX positive (pinning); +1 spot 0.6% from MP; +1 VIX 18

IV Environment

IV Regime
Normal
IV vs VIX
Avg IV 40.9% vs VIX 17.7, elevated.
Favorable?
Yes

Term structure: Front-week spike, contango, near-term IV 22-31% favorable.

📈Bullish flow and pinning at $240 support premium selling.
⚠️IV high relative to VIX, may compress.

Pin Risk Assessment

Spot vs MP: At

GEX regime: Pinning ($+84.2M)

OI concentrations: Max pain $240 for multiple dates; call wall $260-$350.

Verdict: Pinning at $240 likely, dealer hedges support.

Premium Opportunities

#1
Short strangle
Sell 2026-07-24 $225.00 put + sell $240.00 call
Sells $225 put and $240 call, capturing time premium in high IV environment with dealer support.
Credit: $13.30-$16.25
Max loss: Unlimited
BE: 208.75 / 256.25
Mgmt: Monitor for pin at $240; adjust or close if IV compresses significantly.
#2
Put credit spread
Sell 2026-07-17 $225.00/$220.00 put spread
Sells $225/$220 put spread, collecting premium with high probability of success.
Credit: $1.00-$1.22
Max loss: $3.78
BE: $223.78
Mgmt: Close at 50% max gain or if price breaks below $226.40.
#3
Cash-secured put
Sell 2026-07-17 $225.00 cash-secured put
Sells $225 put, obligating purchase of shares at discount if assigned.
Credit: $3.53-$4.32
Max loss: $220.68
BE: $220.68
Mgmt: Roll at expiration if OTM to avoid assignment; close early at 50% profit.

Risk Alerts

!High IV may compress if VIX stays low.
!Pin risk at $240 requires monitoring.
!Positive GEX reduces crash risk but cannot rule out tail events.
How to Use These Reports
This theta reflects the market close on June 12, 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.