AMZN gamma exposure by strike

From the closing options book · October 20, 2026 · updated after every close

AMZN closed at 262.63 on October 20, 2026 with dealers net long $380M of gamma. The call wall was 265 (+0.9%), the put wall 245 (−6.7%) and the apex, the single largest gamma strike, 265.

+$380M
Net gamma
265
Call wall
+0.9%
245
Put wall
−6.7%
258.75
Gamma flip
−1.5%

AMZN largest gamma strikes within 4% of the close

Strikeshort ← dealer gamma → long
272.5
+$17.4M
270
+$66.4M
267.5
+$23.3M
265
+$80.9M
— close 262.63 —
262.5
+$28.0M
260
+$72.7M
257.5
+$22.5M
255
+$10.8M

The heaviest strike on the October 20, 2026 book was 265, carrying +$80.9M of dealer gamma, +0.9% from the close.

AMZN closed with dealers short gamma on 1 of the last 60 sessions. In short gamma, dealer hedging buys rallies and sells drops, which tends to extend moves; in long gamma it leans against them.

Positive (green) strikes are where dealers are long gamma and hedge against the move; negative (pink) strikes are where they are short and hedge with it. These are closing levels: where hedging was concentrated last night, not targets.

These are the October 20, 2026 closing numbers. Members see AMZN's map move live all session.

Common questions

What is AMZN's gamma exposure?

At the October 20, 2026 close, AMZN's net dealer gamma exposure was +$380M: long gamma.

Where is AMZN's call wall?

265, +0.9% from the 262.63 close on October 20, 2026.

Where is AMZN's put wall?

245, −6.7% from the close on October 20, 2026.

Compare: gamma exposure by strike on other tickers

Measured from the closing options book and rebuilt after every close. Nothing on this page is live. Levels are where dealer hedging is concentrated, not targets or forecasts. Not investment advice.