1️⃣ Gamma Context (1‑Hour Chart)
* Call gamma wall clusters around $214–220, with the strongest resistance near $218–220—dealers may hedge/delta-neutralize here, creating selling pressure at that zone.
* Implied volatility is low (~13%) relative to average (~38%), making call spreads cheaper and appealing for defined-risk entries.
* Option setup suggestion: Consider a bull call spread around the $215–220 strike range. This targets the gamma resistance while managing risk—ideal in a low-IV environment.
2️⃣ Price Structure & Momentum (15‑Min Chart)
* Support: The $208–210 level has held twice, reinforced by a rising trendline—suggests short-term bullish structure.
* Resistance breakout occurred above the $214–217 supply box, confirming a short-term bullish shift (BOS). A strong volume breakout through this zone supports further upside.
* Key red flags: A breakdown below $208 or the trendline could invalidate the bull scenario, pushing price back toward $205 or lower.
3️⃣ Trade Logic & Execution
* Bullish Scenario: If AMZN holds above $210 and cleaves through $214–217 with conviction, initiate a $215–220 call spread with 5–10 days to expiration. This plays momentum toward the gamma ceiling.
* Risk Definition: Use a stop-loss just below the $208–210 trendline support. Breakdown triggers consideration for a bear put spread targeting $205, while maintaining risk discipline.
💡 Why This Setup?
* Gamma walls guide momentum: Targeting the $220 resistance uses options to your advantage while respecting dealer positioning.
* Low IV = cost efficiency: Spread premiums are cheaper, reducing breakeven pressure and making directional plays more attractive.
* Chart structure aligns: Support and breakout structure underpin the bullish thesis, giving confidence to engage defined-risk setups.
⚠️ TradingView Disclaimer
This analysis is educational, not financial advice. Options trading involves substantial risk and may not be suitable for all investors. Always manage your position size, set stop-losses, confirm price action breaking structure, and be cautious around news or earnings events.
* Call gamma wall clusters around $214–220, with the strongest resistance near $218–220—dealers may hedge/delta-neutralize here, creating selling pressure at that zone.
* Implied volatility is low (~13%) relative to average (~38%), making call spreads cheaper and appealing for defined-risk entries.
* Option setup suggestion: Consider a bull call spread around the $215–220 strike range. This targets the gamma resistance while managing risk—ideal in a low-IV environment.
2️⃣ Price Structure & Momentum (15‑Min Chart)
* Support: The $208–210 level has held twice, reinforced by a rising trendline—suggests short-term bullish structure.
* Resistance breakout occurred above the $214–217 supply box, confirming a short-term bullish shift (BOS). A strong volume breakout through this zone supports further upside.
* Key red flags: A breakdown below $208 or the trendline could invalidate the bull scenario, pushing price back toward $205 or lower.
3️⃣ Trade Logic & Execution
* Bullish Scenario: If AMZN holds above $210 and cleaves through $214–217 with conviction, initiate a $215–220 call spread with 5–10 days to expiration. This plays momentum toward the gamma ceiling.
* Risk Definition: Use a stop-loss just below the $208–210 trendline support. Breakdown triggers consideration for a bear put spread targeting $205, while maintaining risk discipline.
💡 Why This Setup?
* Gamma walls guide momentum: Targeting the $220 resistance uses options to your advantage while respecting dealer positioning.
* Low IV = cost efficiency: Spread premiums are cheaper, reducing breakeven pressure and making directional plays more attractive.
* Chart structure aligns: Support and breakout structure underpin the bullish thesis, giving confidence to engage defined-risk setups.
⚠️ TradingView Disclaimer
This analysis is educational, not financial advice. Options trading involves substantial risk and may not be suitable for all investors. Always manage your position size, set stop-losses, confirm price action breaking structure, and be cautious around news or earnings events.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.