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AMZN

Amazon.com, Inc.Close $271.58EOD only

Max Pain

$237.50

Next expiry Aug 3, 2026

Expected Move

±$2.99

1.1% from close

Price Gap

-34.08

Distance to max pain

IV Rank

Middle-high premium

P/C OI

0.64

Slightly call-heavy

Consensus

8.5/10

Bullish tilt

Published snapshot: Jul 31, 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 31, 2026 close

AMZN Theta Report

Analysis based on market close June 17, 2026

Directional Theta Gang Flow Earnings Consensus

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

You are viewing an older report from June 17, 2026. A newer theta report is available for June 29, 2026.

View latest report

Theta Verdict

Confidence:

5.5 / 10

base 5; -1 GEX/flow contradict; +1 GEX positive (pinning); +0.5 VIX 18

IV Environment

IV Regime

Normal

IV vs VIX

IV elevated vs VIX (42% vs 18%) – rich premiums

Favorable?

Yes

Term structure: 0dte IV 3% skews average; core term structure 25-38% with backwardation in short term

📈IV elevated vs VIX, term structure steep; premium selling favorable but watch pin risk near $242

⚡0dte IV 3% distorts average; focus on longer-term IV around 30-38% for sustained premium

Pin Risk Assessment

Spot vs MP: Below

GEX regime: Pinning ($+33.2M)

OI concentrations: Max pain pins: $242 (today), $225 (tomorrow), $245 (5DTE). Call OI wall $250-$350.

Verdict: Spot below MP; put support at $227. Pinning risk elevated near $242 today.

Premium Opportunities

Put credit spread

Sell 2026-07-17 $230.00/$220.00 put spread

Sell $230/$220 put spread, credit up to $2.85, max loss $7.15. Breakeven above $227.25.

Credit: $2.33-$2.85

Max loss: $7.15

BE: $227.15

Mgmt: Close at 50% of max gain or at 227 support breach.

Iron condor

Sell 2026-08-21 $225.00/$220.00 put wing and $270.00/$280.00 call wing

Sell $225/$220 put and $270/$280 call wings, credit up to $3.49, max loss $6.51.

Credit: $2.86-$3.49

Max loss: $6.51

BE: 221.51 / 273.49

Mgmt: Exit if spot breaks $225 or $270, or at 50% max gain.

Risk Alerts

!Dealer net short premium ($-228M) adds pressure

!Put/call OI ratio 0.64 favors calls, potential upside pinning

!0dte expiration today may cause spot pinning at $242

How to Use These Reports

This theta reflects the market close on June 17, 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.