Amazon (AMZN) – GEX Options Sentiment & Trade Outlook. Aug. 4Amazon.com, Inc.BATS:AMZNBullBearInsightsGEX & Options Positioning: * Highest Call Wall / Gamma Resistance: $240 (53.31%) – Strong upside barrier. * Second Call Wall: $234 (51.41%). * Put Support Zone: $215 – Highest negative NETGEX and Put support cluster. * Below $215: Gamma profile steepens, opening path toward $205 and even $195 if momentum accelerates. * Above $225: Bullish pressure could rebuild toward $234–$240 zone. Options Bias: * Current GEX distribution is heavily skewed bearish with large negative gamma under $220, suggesting market makers may push to hedge by selling into weakness. * IVR at 14.7 with IVx avg 32.5 shows implied volatility is relatively low compared to recent history, giving room for IV expansion on continued sell-offs. GEX Trade Setup: * Bearish Lean: Favor puts or put spreads targeting $215–$205 if $220 breaks decisively. * Bullish Contingency: If AMZN reclaims $225 with volume, short-dated calls toward $234 possible, but risk-reward is less favorable until gamma flips positive above $230. 1-Hour Chart – Swing Trade Technical Analysis Trend Structure: * Price broke down sharply from consolidation, triggering a Change of Character (CHoCH) to the downside. * Current trend channel is descending, with lower highs and lower lows. * Price is consolidating around $215 key support after a strong impulse down. Key Levels: * Resistance: $225 → $229 → $234. * Support: $215 → $210 → $205. * Trend Bias: Bearish until price closes above $225. Swing Trade Outlook: * If $215 holds and we see absorption, a bounce toward $225–$229 is possible. * A break below $215 opens the door for continuation toward $205 (next liquidity pool). * Volume profile shows a gap zone between $210–$205, meaning a break could accelerate quickly. Trade Suggestions: * Bearish Swing: Short or buy puts targeting $215 → $205, stop above $225. * Bullish Reversal Play: Only consider calls if $225 is reclaimed and sustained with strong buying volume. Disclaimer: This analysis is for educational purposes only and is not financial advice. Always conduct your own research and manage your risk accordingly.