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Wednesday, August 12

AMZN options

AMZN$273.19delayed
Call-heavy / bullish

ATM IV· 0d

31.9%

Exp. move ±1σ

Max pain

$270

P/C ratio (OI)· whole chain

0.66

Skew

Downside (puts bid)

Dealer GEX· positive · pinning

$15.8M

24 expiries · 2630 contracts
Smile / skew· Aug 12 '26free CBOE chain · delayed ~15m
Chain · Aug 12 '26Calls / Puts
OIVolIVΔBidAskStrikeBidAskΔIVVolOI
172149%1.0029.2031.75$242.500.000.01-0.0075%010
5813130%1.0025.4028.90$2450.000.01-0.0069%11206
12518883%1.0024.3526.65$247.500.000.06-0.0076%5193
2254301.0021.9523.50$2500.000.05-0.0061%152197
43150.9919.2520.05$252.500.000.02-0.0154%45106
50420.9916.7517.55$2550.020.03-0.0153%182418
381190.9814.3014.95$257.500.000.04-0.0248%168455
18938133%0.9712.0012.95$2600.040.07-0.0344%97399692
33615550.969.3510.05$262.500.080.11-0.0440%1056623
239100030%0.927.058.60$2650.160.19-0.0836%72304701
29858431%0.844.805.35$267.500.370.40-0.1633%84193022
1617333633%0.693.153.30$2700.890.93-0.3132%205443497
18631741932%0.481.711.74$272.501.891.96-0.5232%205602826
42972402133%0.290.810.84$2753.403.65-0.7232%92401776
83392021934%0.150.350.38$277.505.005.90-0.8533%853633
61301484636%0.070.150.17$2807.608.00-0.93582687
3691583038%0.040.070.08$282.509.8511.20-0.97381130
5611557841%0.020.030.04$28512.6013.85-0.9973633
2893174742%0.010.010.02$287.5015.1015.45-0.99310
2590230243%0.000.000.01$29016.6018.85-1.0081
83856148%0.000.000.01$292.5019.0020.70-1.0080
184610353%0.000.000.01$29521.3523.25-1.0040
2075658%0.000.000.01$297.5024.0527.10-1.00100%30
11268563%0.000.000.01$30027.3028.95-1.00111%20
80068%0.000.000.01$302.5029.6530.95-1.0081%5630

Shaded row is nearest spot.

Strategy builderAug 12 '26 · 0d

Your view

Risk appetite

Bull put spread (credit) · safetyestimates · market-implied (lognormal)
$269.48$273.19
Value nowsolid = expiry

P&L distribution at expiry

Probability of profit88%
Expected value+$31.19
Chance of losing12%
Max loss−$197.50
Capital at risk$197.50
Net credit$52.50
Breakeven cushion1.4% from spot

Net Δ

15

Γ

-2.6

Θ / day

$53.08

Vega

−$1.57

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