AMZN Options History — January 2025

In January 2025, AMZN traded between $216.99 and $238.86. ATM implied volatility averaged 36.3%, placing in the 63.4% IV rank vs the trailing year. The 30-day expected move averaged 10.2%. IV traded above realized volatility by 11.2% (HV 20d: 25.0%). Max pain ranged from $180.00 to $200.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 2 of 20 days. Put/call ratio averaged 0.44.

Notable Days

2025-01-21: Highest Volume — 614,158 contracts
2025-01-06: Largest IV spike — 9.5% change
2025-01-14: Highest IV Rank — 73.0%
2025-01-31: Largest Expected Move — 12.0%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$227.74	$216.99	$238.86	$219.90	$237.64
Max Pain	$195.25	$180.00	$200.00	$180.00	$200.00
ATM IV	36.3%	31.9%	38.5%	32.7%	37.8%
Expected Move	10.2%	7.2%	12.0%	7.9%	12.0%
HV 20d	25.0%	22.3%	27.9%	27.4%	22.8%
HV 60d	29.7%	26.8%	30.7%	29.0%	26.8%
IV Rank	63.4%	44.3%	73.0%	47.9%	70.1%
IV Percentile	71.6%	60.7%	83.3%	60.7%	76.2%
Term Structure	-1.2%	-2.3%	4.4%	4.0%	-2.0%
VWIV	35.7%	25.3%	42.3%	27.7%	42.3%
Skew 25d	2.6%	2.0%	3.5%	3.5%	2.4%
Skew 10d	6.0%	4.6%	7.7%	7.0%	6.3%
Call IV 25d	35.2%	29.5%	37.5%	30.4%	37.5%
Put IV 25d	37.8%	32.5%	40.5%	33.8%	39.9%
Bid-Ask Spread %	2.04	1.67	2.64	1.94	1.71
Gamma HHI	0.10	0.07	0.19	0.09	0.10
Net GEX	608.7M	406.0M	799.1M	472.7M	673.0M
Net DEX	-23.04B	-26.92B	-20.19B	-21.91B	-24.33B
Net VEX	-85.8M	-88.7M	-82.2M	-85.0M	-87.0M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.44	0.29	0.67	0.46	0.44
Total Volume	455,531.45	294,563	614,158	432,115	550,577
Total OI	3,714,605.05	2,939,646	4,300,968	4,023,081	3,394,942

Daily Data (20 trading days)

Date	Price	Max Pain	ATM IV	Exp Move	HV 20d	IV Rank	VWIV	Skew 25d	Term Str	GEX	DEX	VEX	P/C	Spread %	Call Wall	Put Wall	Call Vol	Put Vol	Call OI	Put OI
2025-01-02	$219.90	$180.00	32.7%	7.9%	27.4%	47.9%	27.7%	3.5%	4.0%	472.7M	-21.91B	-85.0M	0.46	1.94	N/A	N/A	295,621	136,494	2,090,753	1,932,328
2025-01-03	$223.54	$180.00	31.9%	7.2%	26.2%	44.3%	25.3%	3.1%	4.4%	635.8M	-24.45B	-86.0M	0.37	1.72	N/A	N/A	382,247	140,930	2,147,418	1,955,223
2025-01-06	$227.34	$195.00	34.9%	9.6%	26.6%	57.5%	33.2%	2.7%	-1.5%	675.8M	-26.75B	-82.7M	0.29	2.07	N/A	N/A	390,984	114,467	2,067,806	1,889,777
2025-01-07	$221.77	$195.00	37.0%	9.9%	26.6%	66.6%	34.3%	2.8%	-1.3%	529.2M	-23.14B	-87.2M	0.38	2.36	N/A	N/A	321,797	121,378	2,165,855	1,926,657
2025-01-08	$221.68	$195.00	37.1%	9.8%	26.6%	67.1%	34.1%	3.1%	-1.5%	566.6M	-23.15B	-88.7M	0.52	2.38	N/A	N/A	194,233	100,330	2,237,115	1,958,811
2025-01-10	$219.04	$195.00	38.0%	10.1%	26.9%	70.9%	35.3%	3.2%	-1.7%	406.0M	-21.31B	-86.2M	0.67	2.64	N/A	N/A	317,970	212,264	2,251,402	1,979,659
2025-01-13	$218.45	$195.00	38.0%	10.2%	25.4%	70.8%	36.2%	3.1%	-1.8%	432.0M	-21.03B	-85.8M	0.46	1.82	N/A	N/A	240,339	110,799	2,138,776	1,940,740
2025-01-14	$216.99	$195.00	38.5%	10.4%	25.5%	73.0%	36.3%	3.1%	-2.1%	428.5M	-20.19B	-86.2M	0.44	2.18	N/A	N/A	217,049	96,111	2,189,351	1,972,996
2025-01-15	$223.25	$195.00	35.5%	9.6%	27.7%	60.2%	33.9%	3.0%	-2.0%	655.3M	-24.60B	-84.2M	0.36	1.81	N/A	N/A	265,405	94,871	2,212,340	1,998,709
2025-01-16	$221.19	$195.00	36.0%	9.8%	26.6%	62.4%	34.4%	2.6%	-2.2%	525.8M	-22.91B	-85.6M	0.43	2.25	N/A	N/A	263,308	114,190	2,235,574	2,010,723
2025-01-17	$225.86	$195.00	35.2%	9.6%	27.9%	58.7%	33.3%	2.6%	-2.3%	741.6M	-26.92B	-83.9M	0.36	1.91	N/A	N/A	436,961	157,819	2,274,905	2,026,063
2025-01-21	$230.81	$195.00	35.3%	10.0%	23.2%	59.0%	34.8%	2.4%	-1.8%	643.6M	-20.72B	-82.2M	0.39	1.89	N/A	N/A	441,699	172,459	1,657,037	1,282,609
2025-01-22	$234.06	$195.00	35.4%	10.2%	23.1%	59.7%	35.9%	2.1%	-1.7%	746.2M	-22.45B	-84.3M	0.38	1.84	N/A	N/A	440,912	166,767	1,725,985	1,332,966
2025-01-23	$234.35	$200.00	35.3%	10.2%	23.1%	59.3%	36.2%	2.0%	-1.8%	765.4M	-22.63B	-83.7M	0.58	1.87	N/A	N/A	198,358	115,866	1,798,533	1,383,086
2025-01-24	$233.94	$200.00	35.4%	10.3%	23.1%	59.7%	36.4%	2.0%	-2.0%	799.1M	-22.22B	-86.2M	0.47	1.88	N/A	N/A	267,195	126,236	1,831,388	1,404,428
2025-01-27	$233.63	$200.00	37.6%	11.4%	22.8%	69.0%	40.4%	2.3%	-1.6%	544.3M	-21.00B	-86.7M	0.49	2.19	N/A	N/A	344,667	169,432	1,741,309	1,332,990
2025-01-28	$238.86	$200.00	37.4%	11.4%	23.9%	68.3%	40.2%	2.1%	-1.9%	706.6M	-25.08B	-87.0M	0.39	1.67	N/A	N/A	406,595	158,576	1,839,166	1,373,392
2025-01-29	$237.60	$200.00	38.1%	11.8%	22.3%	71.3%	41.9%	2.2%	-2.0%	653.6M	-23.97B	-88.4M	0.58	2.10	N/A	N/A	186,977	107,813	1,871,626	1,404,485
2025-01-30	$234.83	$200.00	38.3%	12.0%	22.9%	72.0%	42.0%	2.4%	-2.0%	573.2M	-22.12B	-88.5M	0.34	2.58	N/A	N/A	396,947	133,986	1,890,307	1,424,871
2025-01-31	$237.64	$200.00	37.8%	12.0%	22.8%	70.1%	42.3%	2.4%	-2.0%	673.0M	-24.33B	-87.0M	0.44	1.71	N/A	N/A	381,344	169,233	1,956,699	1,438,243