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AMZN

Amazon.com, Inc.Close $253.71EOD only
Max Pain
$250.00
Next expiry Sep 21, 2026
Expected Move
±$3.62
1.4% from close
Price Gap
-3.71
Distance to max pain
IV Rank
58
Middle-high premium
P/C OI
0.67
Slightly call-heavy
Consensus
8.5/10
Bullish tilt
Published snapshot: Sep 18, 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 18, 2026 close
AMZN Theta Report
Analysis based on market close June 22, 2026
DirectionalTheta GangFlowEarningsConsensus

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

You are viewing an older report from June 22, 2026. A newer theta report is available for June 29, 2026.

View latest report

Theta Verdict

Attractiveness6 / 10
Sizing: Moderate
Primary: Short Put
Invalidation: Spot breaks below 218.89
Confidence:
5.5 / 10
base 5; -1 GEX/flow contradict; +1 GEX positive (pinning); -0.5 spot 3.0% from MP; +1 VIX 17

IV Environment

IV Regime
Normal
IV vs VIX
Avg IV 43.7% vs VIX 17.3, elevated
Favorable?
Yes

Term structure: Contango typical, short-term elevated on event? No event.

📈IV elevated vs VIX, premium selling favorable

Pin Risk Assessment

Spot vs MP: Below

GEX regime: Pinning ($+18.6M)

OI concentrations: Max pain concentrated at $240 for 3 expirations

Verdict: Pinning risk moderate, expected to stay near $240

Premium Opportunities

#1
Cash-secured put
Sell 2026-07-17 $220.00 cash-secured put
Sell $220 put to collect premium with defined entry.
Credit: $2.65-$3.23
Max loss: $216.77
BE: $216.77
Mgmt: Monitor spot; if below 218.89, roll or take assignment.
#2
Put credit spread
Sell 2026-08-21 $220.00/$215.00 put spread
Sell $220/$215 put spread to collect credit.
Credit: $1.39-$1.70
Max loss: $3.30
BE: $218.30
Mgmt: Manage if spot approaches $220 short strike.

Risk Alerts

!Spot 3% below max pain, potential move towards $240
!Call OI wall $250-$320 caps upside
!Dealer GEX positive $18.6M, may support
How to Use These Reports
This theta reflects the market close on June 22, 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.