AMZN Near Critical Pivot AMZN Near Critical Pivot – Option Traders, Watch These GEX Levels Carefully!
🧠 GEX Analysis for Options Trading:
Amazon is sitting right below its Gamma Wall at $225, which aligns with the highest positive NETGEX, suggesting a significant resistance zone. There's a clear call wall stack at $227.5 and $230, with GEX values ramping up between $223.5 to $232.5, pointing to a possible squeeze if price starts reclaiming the $222.5–$225 range. However, the current rejection confirms short-term hesitation.
* Put Support builds around $215, with the PUT wall at $212.5 and heavy GEX defense at $217.5.
* Current GEX sentiment leans slightly bullish (📗), but with only 9.8% calls and IVR/IVX at 3.1/3.5, the market seems cautious—no extreme positioning or imbalance.
* IV is relatively low, which means option premiums are cheap—ideal for debit spreads or directional calls if price starts reclaiming $222.
🟢 If price breaks back above $222.5 with volume, consider long calls targeting $225–$230.
🔴 If it breaks down below $217.5 with momentum, puts toward $215 or even $212.5 become attractive.
📉 1-Hour Chart Technical Outlook:
Price structure has clearly shifted bearish following a confirmed CHoCH (Change of Character) beneath a previously bullish zone around $223–$224. There's been a break of trendline support, and price is currently consolidating just above the $217.5–$218.75 key support zone, which aligns with HVL and GEX defense.
* Previous BOS and CHoCH zones have now flipped into supply, and unless bulls reclaim $222.5, rallies may be sold into.
* A liquidity sweep could develop toward $215 or $212.5 before any rebound.
* Volume spike on the drop shows seller aggression. Reclaiming the broken OB (purple box) could flip bias back short-term bullish.
🟢 Scalp Long above $220.5 toward $222.5–$224 if buyers step in on reclaim.
🔴 Scalp Short below $217.5 targeting $215–$213.
⛔ Stay out in the chop zone between $218–$220. Let the market show its hand.
🎯 Key Trade Suggestions:
* Call Option: Break/retest $222.5 → Buy $225C / $230C (Jul 12/19 expiry)
* Put Option: Break $217.5 → Buy $215P / $212.5P (Jul 12/19 expiry)
* Spread Idea: If long bias confirmed, $222.5/$227.5 call debit spread offers low IV play
This analysis is for educational purposes only and does not constitute financial advice. Always do your own research and manage your risk before trading.
