AMZN Options Chain Analysis

As of previous close (2026-09-30) · OPRA historical data

Spot $249.49 at that close. Nothing on this page comes from the session in progress.

Put/Call (OI)

0.68

1.9M P / 2.9M C

Put/Call (Volume)

0.47

308k P / 658k C that session

30d ATM IV

40%

annualized implied move

Call wall

$300

240k contracts

Put wall

$200

134k contracts

Tail hedging

0.7×

deep-OTM puts vs calls

What the positioning says

●Bullish positioning: only 0.68 puts per call outstanding.
●Call wall at $300 (240k contracts), 20% above spot — the upside strike the crowd is already parked on; often acts as near-term resistance.
●Put wall at $200 (134k contracts), 20% below spot — the hedge floor; often acts as support.

Open interest by strike

All expiries combined. Amber lines mark the call and put walls; the dashed line is spot.

IV term structure

At-the-money implied volatility per expiry.

Volatility smile

IV by strike — expiry 2026-10-30. A steep left side = expensive downside protection.

30-day implied volatility history

Daily ATM IV (~30 DTE bucket) collected since March 2026. Rising IV into an event = the market bracing; collapsing IV after = the crush.

Open interest by expiry

Expiry	Call OI	Put OI	P/C	Volume that session
2026-10-02	129k	70k	0.54	236k
2026-10-05	11k	4k	0.35	23k
2026-10-07	4k	1k	0.38	12k
2026-10-09	48k	28k	0.58	34k
2026-10-12	753	350	0.46	1k
2026-10-14	193	65	0.34	561
2026-10-16	377k	223k	0.59	67k
2026-10-23	33k	20k	0.60	18k
2026-10-30	133k	30k	0.22	13k
2026-11-06	3k	4k	1.30	8k
2026-11-20	373k	183k	0.49	23k
2026-12-18	309k	227k	0.74	32k
2027-01-15	496k	329k	0.66	24k
2027-02-19	42k	41k	0.98	2k
2027-03-19	97k	138k	1.42	6k
2027-04-16	13k	27k	2.04	1k
2027-06-17	186k	156k	0.84	4k
2027-07-16	57k	49k	0.86	755
2027-09-17	20k	29k	1.46	2k
2027-12-17	137k	109k	0.79	6k
2028-01-21	180k	117k	0.65	2k
2028-06-16	52k	34k	0.65	2k
2028-12-15	104k	95k	0.91	2k
2029-01-19	6k	3k	0.61	1k

Source: Cboe end-of-session option chains, summarized after each US market close and published from the following trading day — OPRA historical data. Under the OPRA plan options data becomes historical, and freely publishable, at the opening of the next trading session; data from the session in progress is never displayed or served here. Open interest is exchange-reported once a day. Research, not investment advice.