AMZN Earnings Flush — Gamma Flip to the Downside. 8/1Amazon.com, Inc.BATS:AMZNBullBearInsightsAMZN Earnings Flush — Gamma Flip to the Downside, Eyes on $215 Support! 🔍 GEX & Options Flow Insight (1st Image Analysis) AMZN collapsed post-earnings, breaking through major gamma support levels and flipping into a negative gamma environment. Price is now pressing against a critical $215–218 demand zone, with GEX showing heavy put concentration. * Call Walls & Resistance: * 📍 $230.00–$234.00 → Former gamma pivot now acting as strong resistance * 📍 $237.50 → Prior support zone; now a sell wall * 📍 $244.00 → Highest Positive NET GEX / Gamma Wall (too far for immediate recovery unless momentum shifts) * Put Walls & Support Zones: * 🛡️ $222.18 → 2nd Put Wall resistance-turned-support * 🚨 $218.00 → Current price — key defense line * 📉 $215.50 → Hard put wall support — losing this could accelerate selloff toward $210 * Volatility Insight: * IVR 24.4, IVx Avg 50.6 → Elevated IV post-earnings * Call flow 23.2% → Bearish options flow bias * GEX sentiment: 🔴🟡🔴 = Negative gamma = higher volatility risk to downside ✅ Option Trading Suggestion: Bias: Bearish unless AMZN reclaims $224+ Strategy: Bear put spread * Entry Idea: Buy 220P / Sell 215P for Aug 2 or Aug 9 expiry * Invalidation: Strong daily close above $224 * Target: $215 → $210 Why this works: Negative gamma positioning means market makers hedge by selling into weakness, accelerating downside moves. The inability to reclaim $224 confirms the bearish structure. 🧠 Technical Analysis (1H Chart) (2nd Image Analysis) Market Structure & SMC: * 🟥 CHoCH confirmed after earnings drop * ❌ Lost all recent BOS levels in one sharp flush * Price trapped under former OB resistance at $224–230 Trendline Dynamics: * Broke out of prior bullish channel to the downside * New descending channel forming with lower highs SMC Zones: * 🟩 Demand Zone: $215.50–$218.00 → Immediate defense * 🟥 Supply Zone (Purple Box): $224–$230 → Sell wall 🔄 Price Action & Key Levels * Support: * ✅ $218.00 → Current defense * ✅ $215.50 → Last line of gamma support * 🚨 Below $215.50 → Sell momentum can accelerate to $210 * Resistance: * 🚩 $224.00 → First reclaim needed for relief rally * 🚩 $230.00–$234.00 → Heavy resistance 🧭 Scalping / Intraday Trade Setup 🟥 Bearish Setup (Preferred): * Entry: Failed reclaim of $224 * Target 1: $218.00 * Target 2: $215.50 * Stop: Above $224 🟩 Bullish Reversal Setup: * Entry: Strong reclaim of $224 with volume * Target 1: $230.00 * Target 2: $234.00 * Stop: Back under $222 🔁 Summary Thoughts * AMZN flipped from bullish gamma to negative gamma — puts are now driving price action. * As long as price stays under $224, rallies are sell opportunities. * Losing $215.50 risks an accelerated drop to $210 or lower. * Bears remain in control unless buyers step in aggressively at support. 🚨 Disclaimer: This analysis is for educational purposes only and does not constitute financial advice. Always do your own research and manage your risk accordingly.