AMZN Options History — April 2025

In April 2025, AMZN traded between $166.80 and $196.89. ATM implied volatility averaged 48.2%, placing in the 67.4% IV rank vs the trailing year. The 30-day expected move averaged 13.9%. IV traded below realized volatility by 12.9% (HV 20d: 61.0%). Max pain ranged from $190.00 to $200.00. Net GEX was positive for 15 of 21 trading days. Term structure was in contango for 0 of 21 days. Put/call ratio averaged 0.63.

Notable Days

2025-04-04: Highest Volume — 1,454,526 contracts
2025-04-09: Largest IV drop — 28.9% change
2025-04-03: Highest IV Rank — 100.0%
2025-04-08: Largest Expected Move — 17.7%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$181.02	$166.80	$196.89	$191.97	$182.50
Max Pain	$191.43	$190.00	$200.00	$200.00	$190.00
ATM IV	48.2%	40.0%	65.5%	40.0%	44.8%
Expected Move	13.9%	10.8%	17.7%	10.9%	15.0%
HV 20d	61.0%	37.4%	70.5%	37.4%	68.8%
HV 60d	42.1%	29.9%	47.0%	29.9%	47.0%
IV Rank	67.4%	44.8%	100.0%	79.5%	52.8%
IV Percentile	95.8%	88.1%	100.0%	90.9%	94.4%
Term Structure	-2.1%	-3.3%	-1.1%	-1.4%	-1.8%
VWIV	47.8%	37.5%	57.7%	37.7%	51.3%
Skew 25d	9.8%	5.6%	17.7%	5.9%	6.6%
Skew 10d	19.7%	11.3%	34.9%	11.3%	13.8%
Call IV 25d	43.3%	37.4%	56.1%	37.4%	40.6%
Put IV 25d	53.1%	43.3%	73.4%	43.3%	47.2%
Bid-Ask Spread %	2.74	1.82	4.95	1.82	2.26
Gamma HHI	0.05	0.04	0.15	0.04	0.04
Net GEX	84.0M	-102.0M	396.1M	84.6M	96.4M
Net DEX	-1.78B	-8.38B	3.58B	-3.97B	-3.41B
Net VEX	-107.3M	-114.6M	-98.4M	-100.8M	-113.2M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.63	0.33	0.88	0.54	0.67
Total Volume	691,561.048	271,668	1,454,526	455,390	363,471
Total OI	4,069,127.048	3,744,449	4,406,337	3,754,700	4,085,663

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
2025-04-01	$191.97	$200.00	40.0%	10.9%	37.4%	79.5%	37.7%	5.9%	-1.4%	84.6M	-3.97B	-100.8M	0.54	1.82	N/A	N/A	295,172	160,218	2,084,078	1,670,622
2025-04-02	$196.89	$200.00	41.0%	10.8%	38.1%	83.6%	37.5%	5.9%	-1.7%	226.7M	-7.13B	-104.6M	0.33	2.21	N/A	N/A	557,459	184,882	2,120,805	1,711,134
2025-04-03	$178.42	$195.00	48.1%	12.8%	48.9%	100.0%	43.3%	7.2%	-2.1%	-102.0M	2.17B	-98.4M	0.71	2.27	N/A	N/A	701,790	499,768	2,185,975	1,743,905
2025-04-04	$176.31	$195.00	57.5%	15.1%	48.9%	100.0%	50.3%	12.5%	-2.6%	-75.5M	1.95B	-103.1M	0.70	4.64	N/A	N/A	854,508	600,018	2,338,652	1,787,675
2025-04-07	$174.16	$190.00	60.9%	16.3%	48.2%	100.0%	55.6%	14.0%	-3.2%	1.2M	1.86B	-104.3M	0.60	4.33	N/A	N/A	645,561	385,812	2,214,319	1,706,257
2025-04-08	$169.34	$190.00	65.5%	17.7%	47.6%	100.0%	57.7%	17.3%	-3.3%	-27.8M	3.58B	-102.2M	0.59	3.52	N/A	N/A	569,487	334,402	2,343,030	1,777,807
2025-04-09	$189.53	$190.00	46.6%	12.7%	64.0%	56.9%	44.5%	10.0%	-2.3%	221.4M	-5.97B	-112.6M	0.54	3.66	N/A	N/A	576,663	310,056	2,355,412	1,835,805
2025-04-10	$179.52	$190.00	57.2%	15.7%	66.0%	81.0%	53.1%	17.7%	-2.9%	53.1M	-467.2M	-110.7M	0.71	4.95	N/A	N/A	386,235	275,356	2,392,750	1,873,485
2025-04-11	$184.63	$190.00	50.6%	14.0%	66.2%	66.1%	49.4%	14.7%	-2.5%	174.2M	-3.09B	-112.4M	0.57	3.12	N/A	N/A	437,754	249,555	2,427,612	1,902,224
2025-04-14	$182.76	$190.00	46.4%	13.2%	66.3%	56.5%	48.2%	11.2%	-2.0%	75.0M	-1.72B	-108.6M	0.69	2.69	N/A	N/A	367,775	254,878	2,329,242	1,812,187
2025-04-15	$179.03	$190.00	45.4%	12.9%	66.2%	54.1%	43.7%	10.9%	-1.7%	1.6M	305.9M	-105.5M	0.68	1.97	N/A	N/A	286,316	195,448	2,392,847	1,892,393
2025-04-16	$172.83	$190.00	49.1%	14.1%	66.7%	62.7%	48.3%	11.3%	-2.2%	-76.2M	2.81B	-103.0M	0.88	2.33	N/A	N/A	392,858	347,197	2,431,597	1,914,589
2025-04-17	$172.60	$190.00	45.7%	13.2%	66.7%	54.8%	47.5%	10.4%	-1.8%	-56.7M	2.54B	-102.8M	0.69	2.19	N/A	N/A	331,777	227,807	2,480,865	1,925,472
2025-04-21	$166.80	$190.00	50.6%	15.0%	67.3%	65.9%	51.1%	9.3%	-2.4%	-47.7M	3.18B	-98.6M	0.70	2.01	N/A	N/A	314,831	220,205	2,029,346	1,715,103
2025-04-22	$173.11	$190.00	46.7%	14.3%	67.4%	57.0%	47.7%	8.4%	-2.2%	33.4M	412.1M	-104.0M	0.53	2.06	N/A	N/A	398,157	211,491	2,111,382	1,773,868
2025-04-23	$180.72	$190.00	46.0%	14.0%	69.5%	55.5%	47.9%	8.1%	-2.0%	177.6M	-3.59B	-110.9M	0.64	2.15	N/A	N/A	476,583	306,480	2,160,396	1,805,242
2025-04-24	$186.26	$190.00	44.2%	13.6%	70.4%	51.4%	46.9%	6.1%	-2.3%	271.8M	-6.46B	-114.5M	0.53	2.11	N/A	N/A	335,250	175,995	2,201,943	1,874,505
2025-04-25	$188.87	$190.00	41.3%	12.9%	70.5%	44.8%	45.6%	5.6%	-2.1%	396.1M	-8.38B	-114.2M	0.54	2.22	N/A	N/A	438,692	234,943	2,281,828	1,902,643
2025-04-28	$187.80	$190.00	41.6%	13.8%	68.4%	45.6%	47.9%	6.4%	-1.3%	171.4M	-6.12B	-114.4M	0.74	2.82	N/A	N/A	156,177	115,491	2,103,304	1,784,373
2025-04-29	$187.30	$190.00	42.5%	14.0%	68.3%	47.5%	49.4%	6.2%	-1.1%	164.8M	-5.91B	-114.6M	0.75	2.30	N/A	N/A	198,300	147,964	2,140,252	1,831,081
2025-04-30	$182.50	$190.00	44.8%	15.0%	68.8%	52.8%	51.3%	6.6%	-1.8%	96.4M	-3.41B	-113.2M	0.67	2.26	N/A	N/A	217,963	145,508	2,204,579	1,881,084