AMZN Options History — March 2025

In March 2025, AMZN traded between $190.30 and $208.72. ATM implied volatility averaged 33.6%, placing in the 51.9% IV rank vs the trailing year. The 30-day expected move averaged 10.7%. IV traded above realized volatility by 2.3% (HV 20d: 31.4%). Max pain ranged from $200.00 to $210.00. Net GEX was positive for 20 of 21 trading days. Term structure was in contango for 8 of 21 days. Put/call ratio averaged 0.50.

Notable Days

2025-03-07: Highest Volume — 1,008,106 contracts
2025-03-28: Largest IV spike — 16.5% change
2025-03-10: Highest IV Rank — 81.2%
2025-03-10: Largest Expected Move — 14.1%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$198.37	$190.30	$208.72	$203.24	$190.30
Max Pain	$203.93	$200.00	$210.00	$210.00	$200.00
ATM IV	33.6%	28.0%	40.4%	34.4%	39.0%
Expected Move	10.7%	9.5%	14.1%	10.6%	10.9%
HV 20d	31.4%	25.8%	38.5%	25.8%	37.4%
HV 60d	27.7%	25.9%	29.8%	26.3%	29.8%
IV Rank	51.9%	27.6%	81.2%	55.1%	75.2%
IV Percentile	61.2%	42.9%	91.7%	62.3%	84.5%
Term Structure	1.0%	-1.3%	6.5%	-0.5%	-1.0%
VWIV	36.9%	32.6%	48.3%	36.1%	37.1%
Skew 25d	5.0%	3.4%	7.0%	5.4%	5.7%
Skew 10d	10.2%	6.2%	14.3%	11.6%	12.1%
Call IV 25d	31.3%	26.4%	37.3%	32.2%	37.3%
Put IV 25d	36.3%	30.0%	44.1%	37.6%	43.0%
Bid-Ask Spread %	2.11	1.48	2.84	2.40	2.26
Gamma HHI	0.05	0.04	0.07	0.06	0.04
Net GEX	165.4M	-23.4M	457.6M	115.4M	10.0M
Net DEX	-5.47B	-11.12B	-2.19B	-5.52B	-2.41B
Net VEX	-99.8M	-102.3M	-95.9M	-95.9M	-98.2M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.50	0.37	0.63	0.45	0.54
Total Volume	590,230.762	395,849	1,008,106	522,277	639,929
Total OI	3,853,601	3,514,122	4,185,608	3,589,910	3,631,878

Daily Data (21 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
2025-03-03	$203.24	$210.00	34.4%	10.6%	25.8%	55.1%	36.1%	5.4%	-0.5%	115.4M	-5.52B	-95.9M	0.45	2.40	N/A	N/A	359,404	162,873	2,053,963	1,535,947
2025-03-04	$205.06	$210.00	33.7%	10.4%	26.4%	52.4%	36.0%	5.3%	-0.5%	157.1M	-6.60B	-96.2M	0.37	2.49	N/A	N/A	588,391	215,585	2,115,062	1,569,430
2025-03-05	$208.72	$210.00	32.1%	10.0%	26.5%	45.2%	34.8%	4.7%	-0.6%	344.5M	-9.56B	-99.4M	0.47	1.77	N/A	N/A	299,435	142,053	2,213,019	1,608,452
2025-03-06	$199.18	$210.00	36.3%	11.4%	29.5%	63.3%	39.2%	6.2%	-1.0%	67.0M	-3.84B	-98.4M	0.57	2.04	N/A	N/A	439,146	248,724	2,224,159	1,629,524
2025-03-07	$198.94	$210.00	34.9%	10.8%	28.6%	57.4%	38.0%	5.4%	-0.9%	76.6M	-4.07B	-99.1M	0.47	1.81	N/A	N/A	687,356	320,750	2,302,328	1,669,817
2025-03-10	$193.32	$207.50	40.4%	14.1%	27.6%	81.2%	48.3%	7.0%	-1.3%	66.2M	-2.19B	-97.9M	0.49	2.17	N/A	N/A	461,119	224,225	2,159,838	1,632,094
2025-03-11	$197.88	$205.00	37.8%	13.0%	28.4%	69.8%	45.4%	6.5%	-1.0%	166.4M	-4.82B	-102.1M	0.49	1.82	N/A	N/A	393,189	194,254	2,252,622	1,676,939
2025-03-12	$198.76	$205.00	35.5%	11.5%	28.8%	59.9%	40.3%	5.9%	-0.9%	180.3M	-5.04B	-102.2M	0.43	1.60	N/A	N/A	326,609	139,367	2,281,988	1,713,120
2025-03-13	$193.12	$205.00	37.4%	12.2%	29.7%	68.2%	41.7%	6.1%	-0.9%	43.3M	-2.35B	-100.6M	0.54	1.57	N/A	N/A	369,264	197,620	2,315,633	1,713,722
2025-03-14	$197.80	$200.00	32.4%	9.8%	31.7%	46.4%	34.2%	5.1%	-0.5%	191.6M	-5.52B	-101.1M	0.51	1.48	N/A	N/A	448,298	227,952	2,374,900	1,710,417
2025-03-17	$197.27	$205.00	32.6%	10.3%	31.7%	47.7%	35.9%	4.4%	0.6%	146.1M	-5.04B	-99.2M	0.52	2.79	N/A	N/A	316,260	165,646	2,220,692	1,654,369
2025-03-18	$192.69	$205.00	33.6%	10.5%	32.0%	51.6%	36.2%	4.5%	-0.0%	47.3M	-2.76B	-99.2M	0.56	2.64	N/A	N/A	328,579	183,903	2,299,105	1,700,289
2025-03-19	$195.63	$200.00	31.1%	10.1%	32.6%	41.0%	33.9%	3.8%	-0.7%	142.5M	-4.80B	-99.1M	0.39	2.84	N/A	N/A	311,020	120,894	2,350,128	1,728,689
2025-03-20	$194.84	$200.00	31.4%	10.2%	32.4%	42.4%	34.4%	3.8%	0.3%	112.9M	-4.42B	-100.5M	0.56	2.32	N/A	N/A	423,899	237,293	2,389,386	1,743,969
2025-03-21	$195.83	$200.00	30.5%	10.0%	31.3%	38.6%	33.7%	3.4%	0.3%	160.2M	-5.69B	-99.2M	0.48	2.21	N/A	N/A	389,404	188,149	2,445,297	1,740,311
2025-03-24	$203.06	$200.00	28.0%	9.5%	34.5%	27.6%	32.7%	3.6%	6.2%	363.8M	-9.70B	-101.2M	0.43	2.39	N/A	N/A	416,255	178,786	1,962,210	1,551,912
2025-03-25	$205.24	$200.00	28.0%	9.5%	34.8%	27.6%	32.6%	3.6%	6.5%	457.6M	-11.12B	-101.9M	0.40	1.98	N/A	N/A	299,232	118,553	2,019,476	1,591,781
2025-03-26	$200.45	$200.00	30.0%	10.0%	35.5%	36.3%	33.6%	4.3%	5.9%	284.9M	-7.92B	-101.5M	0.58	1.86	N/A	N/A	252,335	146,913	2,041,970	1,618,315
2025-03-27	$202.01	$200.00	31.1%	10.0%	34.7%	40.9%	34.2%	4.4%	5.9%	364.2M	-8.84B	-102.3M	0.63	2.03	N/A	N/A	242,707	153,142	2,064,052	1,644,290
2025-03-28	$192.33	$200.00	36.2%	11.0%	38.5%	63.1%	36.5%	5.6%	5.5%	-23.4M	-2.72B	-100.1M	0.55	1.80	N/A	N/A	540,345	295,988	2,093,174	1,681,354
2025-03-31	$190.30	$200.00	39.0%	10.9%	37.4%	75.2%	37.1%	5.7%	-1.0%	10.0M	-2.41B	-98.2M	0.54	2.26	N/A	N/A	415,742	224,187	1,999,469	1,632,409