Primary read
Bullish
Call-side pressure
Ticker Options Intelligence
AMZN options intelligence
Amazon.com Inc options pressure, expected move, strike concentration, and Sharemaestro trend context.
Conviction
46
Market data through 31 Jul 2026
Checked 2 Aug 2026 06:10 · partial chain
Call-side pressure
Bullish pressure
AMZN currently carries bullish options pressure with a 46/100 conviction score. The nearest-chain expected move is 2.6%, with volume/open-interest participation at 0.43.
Expected move
2.6%
Near-term move context
Activity / OI
0.43
Current volume is quieter versus prior open interest
Put-call
0.43
Call-side skew
Trend fit
50
Options are not fully confirming trend
Weekly backdrop
+17.0%
RS 6.7
Expected move
2.6%
Put-call volume
0.43
Volume / OI
0.43
Reference IV
0.35
Max pain
240.00
Underlying
271.58
Nearest expiry
3 Aug 2026
Contracts
2000
Research Brief
AMZN has a bullish chain read with 46/100 evidence alignment.
The practical question is whether the underlying confirms the options concentration. The chain prices a reference range of 264.59–278.57; The largest call open-interest concentration is 265.00; the largest put concentration is 235.00. The most active strike by current volume is 270.00.
Priced range264.59–278.57
Call concentration265.00
Put concentration235.00
Max pain reference240.00
- Price holds or improves while call-side concentration remains elevated.
- Price weakens while call pressure fades or reverses toward puts.
- Options and the weekly trend are not yet giving the same message.
Priced Move
Where the chain says movement becomes exceptional
Options imply 264.59 to 278.57. Max pain at 240.00 lies outside the priced range, so it is a weak near-term anchor.
Spot
Max pain
264.59271.58 ± 6.99278.57
Confirmation level
A close beyond 278.57 or below 264.59 at the 3 Aug expiry would exceed the move currently priced by this chain.
Important limitation
The range is a pricing reference, not a forecast; volatility can reprice sharply after news or as expiry approaches.
Score Construction
Why conviction is 46/100
Pressure is 43/100 toward calls; conviction uses its strength, while the signal label carries its direction.
Directional pressure43 × 42%
+18.2
How strongly activity leans toward calls or puts.
Participation50 × 22%
+11.0
Volume relative to existing open interest and contract-level activity.
Trend agreement50 × 26%
+13.1
How closely the chain read agrees with the underlying trend backdrop.
Volatility35 × 10%
+3.5
The intensity of implied volatility and the priced move.
Positioning by Strike
Where open interest and current activity concentrate
The largest call open-interest concentration is 265.00; the largest put concentration is 235.00. The most active strike by current volume is 270.00. Open-interest concentrations show where positions exist; they are not proven support, resistance or dealer exposure.
Put open interestStrikeCall open interest
2819
210.00-22.7%
161
4089
235.00-13.5%
964
92
250.00-7.9%
3863
71
252.50-7.0%
245
56
255.00-6.1%
914
191
260.00-4.3%
2494
85
262.50-3.3%
318
84
265.00-2.4%
4285
62
267.50-1.5%
470
492
270.00-0.6%
2097
148
272.500.3%
736
607
275.001.3%
1670
126
277.502.2%
179
494
280.003.1%
894
513
282.504.0%
40
331
285.004.9%
414
37
287.505.9%
83
Nearest spot strike Max pain strikeBars show relative OI within this expiry
Volatility Curve
Balanced volatility curve
Near- and longer-dated implied volatility are broadly aligned; no exceptional front-expiry premium is visible.
0.35
3 Aug
3d
0.37
5 Aug
5d
0.38
7 Aug
7d
0.34
10 Aug
10d
0.33
12 Aug
12d
0.33
14 Aug
14d
0.32
21 Aug
21d
0.32
28 Aug
28d
Volatility by Strike
Downside protection premium
Out-of-the-money puts carry higher implied volatility than comparable calls, indicating richer downside protection.
218
223
228
233
238
243
245
250
255
260
265
270
275
280
285
288
293
298
303
310
320
Put IV Call IV
Historical Replay
How matured reads behaved through expiry
Forward validation is building. The earliest eligible stored read expires 31 Jul 2026; its result will appear after the matched closing reference is stored.
Directional follow-through-
Moves contained by pricing-
Average expiry move-
Validation readiness
- Versioned calculationv2 observations only
- Independent entryone read per market session
- Point-in-time referencerequired at entry
- Matched expiry closereported only after maturity
Only v2 snapshots with a point-in-time market reference are eligible. Each observation uses one read per market session and the first weekly close on or immediately after expiry. It is an evidence audit, not an executable strategy or evidence of future performance.
Evidence Quality
Good
Retained chain81%
Implied volatility100%
Two-sided quotes100%
Open interest100%
- Chain status
- Retained chain subset
- Market date
- 31 Jul 2026
- Calculation
- v2.0
- Contracts
- 2000 / 2482
- 81% of provider contracts were retained for this snapshot.
Aggregate chain data supports concentration, participation and pricing analysis. It does not identify trade aggressor, opening versus closing activity, multi-leg intent or dealer inventory.
Options Intent Radar
Short-dated OTM call concentration
Call activity is concentrated in upside and shorter-dated contracts; trade direction remains unconfirmed without aggressor data.
Options pressure and weekly price action are pointing in the same constructive direction.
Short-dated OTM call concentration matters because it connects the options headline to the actual evidence: $1.8B of estimated gross traded notional, calls · 0-7 days · itm, and a bullish flow confirms price backdrop. Use it as a research priority signal, then validate the chart, liquidity, event calendar, and risk before acting.
Options pressure+43
1W price+17.0%
Call premium89%
Put premium11%
Notional split
C 89% / P 11%
Estimated gross traded notional uses volume × contract multiplier × midpoint, or last price when no valid midpoint is available.
Freshness
0.43
Volume divided by open interest across the visible chain.
Trend fit
50/100
Agreement between options pressure and Sharemaestro market context.
Aggregate chain data does not identify trade aggressor or opening versus closing activity; call/put concentration is not proof of market direction.
Calls · 0-7 days · ITM
calls cluster with 85156 contracts traded, $361.1M estimated gross traded notional, and 20% of visible notional.
$361.1M
Calls · 8-21 days · ITM
calls cluster with 100971 contracts traded, $283.9M estimated gross traded notional, and 16% of visible notional.
$283.9M
Calls · 91+ days · ITM
calls cluster with 53589 contracts traded, $257.4M estimated gross traded notional, and 15% of visible notional.
$257.4M
Calls · 46-90 days · ITM
calls cluster with 57169 contracts traded, $189.4M estimated gross traded notional, and 11% of visible notional.
$189.4M
Calls · 91+ days · OTM
calls cluster with 157606 contracts traded, $168.2M estimated gross traded notional, and 9% of visible notional.
$168.2M
Setup Classification
Opportunity and risk frame
Call pressure is building while the stock sits above Sharemaestro fair value.
Activity Anomaly
Warming up
3 of 10 completed market sessions are available. More session history is needed before activity can be compared with a reliable normal.
Baseline: 3 completed sessions
Volume rank-
Volume/OI rank-
IV rank-
Market Context
Underlying confirmation
Close271.58
1W+17.0%
RS6.7
Fair value+35.9%
Options pressure43
Speculation50
Volatility35
Trend fit50
Today Versus Normal
Stored-options context
30d avg - · 3/10 sessions
-
90d avg - · 3/30 sessions
-
180d avg - · 3/60 sessions
-
30d avg - · 3/10 sessions
-
90d avg - · 3/30 sessions
-
180d avg - · 3/60 sessions
-
30d avg - · 3/10 sessions
-
90d avg - · 3/30 sessions
-
180d avg - · 3/60 sessions
-
30d avg - · 3/10 sessions
-
90d avg - · 3/30 sessions
-
180d avg - · 3/60 sessions
-
Pressure Trail
Recent pressure and volatility
29 Jul 14:56
Mixed
Pressure 18
Move 2.3%
29 Jul 15:15
Bullish
Pressure 22
Move 2.1%
29 Jul 15:36
Bullish
Pressure 23
Move 2.1%
29 Jul 16:04
Bullish
Pressure 28
Move 1.9%
29 Jul 16:20
Bullish
Pressure 29
Move 2.2%
29 Jul 16:49
Bullish
Pressure 34
Move 1.8%
29 Jul 17:11
Bullish
Pressure 35
Move 1.5%
29 Jul 17:31
Bullish
Pressure 36
Move 1.3%
Strike Map
Where activity is clustering
Strike160.00
Calls · V 170 · OI 0
Puts · V 0 · OI 11
Strike165.00
Calls · V 520 · OI 5
Puts · V 0 · OI 15
Strike170.00
Calls · V 1380 · OI 62
Puts · V 0 · OI 51
Strike175.00
Calls · V 2510 · OI 14
Puts · V 41 · OI 138
Strike180.00
Calls · V 2815 · OI 122
Puts · V 12 · OI 820
Strike185.00
Calls · V 2000 · OI 30
Puts · V 4 · OI 184
Strike190.00
Calls · V 1971 · OI 15
Puts · V 18 · OI 363
Strike192.50
Calls · V 307 · OI 0
Puts · V 1 · OI 207
Term Structure
Expiration activity
Expiry3 Aug 2026
Contracts112
Avg IV0.35
Put-call0.48
Expiry5 Aug 2026
Contracts116
Avg IV0.37
Put-call0.58
Expiry7 Aug 2026
Contracts124
Avg IV0.38
Put-call0.67
Expiry10 Aug 2026
Contracts106
Avg IV0.34
Put-call0.31
Expiry12 Aug 2026
Contracts104
Avg IV0.33
Put-call0.30
Skew
Call/put IV balance
3 Aug 2026Balanced skew
Call IV0.36
Put IV0.37
Skew0.01
5 Aug 2026Balanced skew
Call IV0.37
Put IV0.38
Skew0.01
7 Aug 2026Balanced skew
Call IV0.39
Put IV0.37
Skew-0.02
10 Aug 2026Balanced skew
Call IV0.34
Put IV0.35
Skew0.01
12 Aug 2026Balanced skew
Call IV0.34
Put IV0.34
Skew-
Contract Tape
Most active contracts
ContractAMZN260821C00250000
SideCall
Expiry21 Aug 2026
Strike250.00
Volume55253
OI71889
IV0.37
ContractAMZN260821C00280000
SideCall
Expiry21 Aug 2026
Strike280.00
Volume28612
OI41219
IV0.32
ContractAMZN260803C00270000
SideCall
Expiry3 Aug 2026
Strike270.00
Volume26527
OI2097
IV0.34
ContractAMZN261120C00240000
SideCall
Expiry20 Nov 2026
Strike240.00
Volume25404
OI2429
IV0.38
ContractAMZN260821C00285000
SideCall
Expiry21 Aug 2026
Strike285.00
Volume22386
OI24549
IV0.32
ContractAMZN260807C00275000
SideCall
Expiry7 Aug 2026
Strike275.00
Volume22168
OI3881
IV0.38
ContractAMZN260803C00280000
SideCall
Expiry3 Aug 2026
Strike280.00
Volume21557
OI894
IV0.38
ContractAMZN260807P00250000
SidePut
Expiry7 Aug 2026
Strike250.00
Volume21492
OI1662
IV0.41
Research Graph
Related research and context
Sharemaestro research
Related News
No recent ticker-specific news yet.
Market Watch
No recent market-watch posts yet.
Earnings
No upcoming matched earnings event.
Plain English Guide
Options context
What usually looks constructive
What usually looks cautious
Options can move quickly and can lose value fast. Treat this as research context, not a buy or sell instruction.