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AMZN

Amazon.com, Inc.Close $251.19EOD only
Max Pain
$245.00
Next expiry Sep 18, 2026
Expected Move
±$3.43
1.4% from close
Price Gap
-6.19
Distance to max pain
IV Rank
33
Middle-high premium
P/C OI
0.68
Slightly call-heavy
Consensus
8.5/10
Bullish tilt
Published snapshot: Sep 17, 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 17, 2026 close
AMZN Theta Report
Analysis based on market close June 18, 2026
DirectionalTheta GangFlowEarningsConsensus

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

You are viewing an older report from June 18, 2026. A newer theta report is available for June 29, 2026.

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Theta Verdict

Attractiveness8 / 10
Sizing: Moderate
Primary: Bullish put credit spread at $220 support
Invalidation: Break below $220 or VIX > 20
Confidence:
8 / 10
base 5; +2 GEX/flow strongly aligned; +1 GEX positive (pinning); -1 spot 11.1% from MP; +1 VIX 16

IV Environment

IV Regime
Normal
IV vs VIX
IV 42% vs VIX 16, elevated
Favorable?
Yes

Term structure: 0 DTE IV 9.6% (expiry), then steep upward to ~30-38%

📊IV 42% vs VIX 16; elevated premium opportunities
⚠️Call OI wall $260-$350; resistance at $250

Pin Risk Assessment

Spot vs MP: Above

GEX regime: Pinning ($+290.0M)

OI concentrations: Call OI wall $260-$350; put OI light below $220

Verdict: Elevated pin risk near max pain $220-$240; expiration today

Premium Opportunities

#1
Put credit spread
Sell 2026-07-17 $225.00/$220.00 put spread
Sell $225/$220 put spread to collect premium with defined risk.
Credit: $0.57-$0.69
Max loss: $4.31
BE: $224.31
Mgmt: Close at 50% profit or if AMZN breaks below $232.69
#2
Cash-secured put
Sell 2026-07-17 $225.00 cash-secured put
Sell $225 CSP to collect premium and potentially buy stock at discount.
Credit: $1.83-$2.23
Max loss: $222.77
BE: $222.77
Mgmt: Roll down if spot approaches $225
#3
Short strangle
Sell 2026-08-21 $220.00 put + sell $270.00 call
Sell $220 put and $270 call for premium collection.
Credit: $10.73-$13.12
Max loss: Unlimited
BE: 206.88 / 283.12
Mgmt: Close at 50% profit; watch for breakout above $250

Risk Alerts

!Spot near $250 resistance; potential reversal
!High call OI above may cap further rally
How to Use These Reports
This theta reflects the market close on June 18, 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.