AMZN Gamma Setups + Trade Plan for July 7📡 GEX-Based Option Trading Analysis
Amazon (AMZN) shows bullish option flow into next week. The GEX map highlights the following:
* Highest Net GEX sits at 225, acting as a strong magnetic price level / resistance zone.
* There’s a Call Wall cluster at 225–230, which could cap short-term upside unless we break through with strong momentum.
* IVR: 27.5 — moderately elevated, giving decent premium for calls.
* Calls: 8.8% vs. Puts: neutral – bullish skew with gamma support underneath.
* Support zone: 215–213 (GEX floor + HVL + PUT wall).
* A break above 226 opens doors to a potential squeeze into 230–232.
🟢 Trade Idea for Options:
* Directional Bullish Bias above 223.
* Consider buying July 12th 225C or vertical 223/230C debit spread for a lower risk play.
* Use tight stop if price fades below 219.75.
📈 1-Hour Chart Technical Setup
From the 1H chart:
* AMZN broke structure (BOS) above 223 and reclaimed the trendline.
* Price has broken out of the previous supply zone (highlighted in purple) and is retesting it now.
* 9/21 EMA shows bullish crossover; price holds above trendline with rising volume.
* Strong support confluence around 219–221 from CHoCH, EMA, and structure lows.
* Bias remains bullish continuation as long as price holds 221.60–222.
🧠 Scalping Plan (Intraday):
* Long setup: Look for retest entry at 223.00 or 222.50, stop below 221.50, target 225.60, then 227.50.
* Avoid chasing if price gaps above 226. Wait for retrace back into structure.
* Bearish invalidation only below 219.
🎯 Final Thoughts:
* AMZN is entering a gamma-rich zone. Watch 225 reaction — breakout could spark a run to 230+.
* Options look primed for bullish plays. Chart structure supports a breakout continuation.
* Trade with tight stop-losses, especially ahead of CPI next week.
This analysis is for educational purposes only and does not constitute financial advice. Always manage risk and do your own research.
