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AMZN

Amazon.com, Inc.Close $250.69EOD only
Max Pain
$245.00
Next expiry Nov 4, 2026
Expected Move
±$5.01
2.0% from close
Price Gap
-5.69
Distance to max pain
IV Rank
10
Low premium
P/C OI
0.76
Slightly call-heavy
Consensus
8.5/10
Bullish tilt
Published snapshot: Nov 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
Nov 3, 2026 close
AMZN Theta Report
Analysis based on market close June 15, 2026
DirectionalTheta GangFlowEarningsConsensus

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

You are viewing an older report from June 15, 2026. A newer theta report is available for June 29, 2026.

View latest report

Theta Verdict

Attractiveness9 / 10
Sizing: Aggressive
Primary: Short strangle
Invalidation: Spot below $238
Confidence:
8.5 / 10
base 5; +2 GEX/flow strongly aligned; +1 GEX positive (pinning); -0.5 spot 3.6% from MP; +1 VIX 16

IV Environment

IV Regime
Normal
IV vs VIX
IV 39.3% vs VIX 16.2: significantly elevated
Favorable?
Yes

Term structure: Front-end spike (0DTE 8%, 2DTE 29%), then contango around 30-37%

📈IV elevated offers rich premium

Pin Risk Assessment

Spot vs MP: Above

GEX regime: Pinning ($+198.9M)

OI concentrations: Max pain $238; heavy call OI $260-$350

Verdict: Pinning near $240 with upside call wall

Premium Opportunities

#1
Iron condor
Sell 2026-06-18 $230.00/$220.00 put wing and $250.00/$260.00 call wing
Sells put spread 230/220 and call spread 250/260 to capture premium.
Credit: $1.42-$1.73
Max loss: $8.27
BE: 228.27 / 251.73
Mgmt: Close at 50% max gain or exit on break of wings.

Risk Alerts

!Call wall $260-$350 may cap upside
!0DTE expiration today elevates gamma
!GEX +$198.9M positive pinning
How to Use These Reports
This theta reflects the market close on June 15, 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.