AMZN Options Chain Analysis

Delayed CBOE data, snapshot 2026-08-17. Spot $261.06.

Put/Call (OI)

0.67

1.9M P / 2.9M C

Put/Call (Volume)

0.56

354k P / 627k C today

30d ATM IV

28%

annualized implied move

Call wall

$300

218k contracts

Put wall

$200

124k contracts

Tail hedging

0.9×

deep-OTM puts vs calls

What the positioning says

●Bullish positioning: only 0.67 puts per call outstanding.
●Call wall at $300 (218k contracts), 15% above spot — the upside strike the crowd is already parked on; often acts as near-term resistance.
●Put wall at $200 (124k contracts), 23% 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 2026-09-18. 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 today
2026-08-19	17k	10k	0.60	170k
2026-08-21	613k	276k	0.45	219k
2026-08-24	2k	1k	0.63	12k
2026-08-26	1k	1k	1.24	7k
2026-08-28	61k	24k	0.39	46k
2026-08-31	0	0	—	5k
2026-09-04	23k	18k	0.78	12k
2026-09-11	12k	13k	1.15	5k
2026-09-18	375k	250k	0.67	48k
2026-09-25	5k	7k	1.43	4k
2026-10-02	635	5k	8.60	2k
2026-10-16	172k	139k	0.81	31k
2026-11-20	193k	91k	0.47	16k
2026-12-18	235k	201k	0.86	16k
2027-01-15	449k	306k	0.68	14k
2027-02-19	17k	17k	1.00	4k
2027-03-19	66k	94k	1.41	4k
2027-06-17	165k	122k	0.74	7k
2027-07-16	41k	41k	1.01	2k
2027-12-17	115k	101k	0.88	2k
2028-01-21	165k	97k	0.58	3k
2028-06-16	43k	28k	0.65	2k
2028-12-15	97k	76k	0.79	8k

Source: CBOE delayed quotes, refreshed daily after US market close. Open interest is exchange-reported and lags one session. Research, not investment advice.