AMZUDirexion Shares ETF Trust Direxion Daily AMZN Bull 2X ETF
AMZU Options Overview
IV is elevated with bullish flow and unusual activity. Conditions favor premium sellers.
REWARDS
RISK ANALYSIS
AMZU Gamma Walls
Value
Is IV priced right?
Measures whether options are cheap, fair, or rich relative to historical and peer
IV Rank 86.9% — elevated vs history
IV/HV 1.07x — IV premium over HV
Sector percentile 92% — above sector median
Front/Back 0.81x — contango
Put/Call IV 1.16x — elevated
ATM IV 65.5% — normal range
Effective IV 99.1% (ATM 65.5% + spread 16.8% + bias) — expensive
Total drag 22.31% (spread 16.80% + slippage 5.51%) — high friction
Vega efficiency 3.37 (vega 5.658 / spread 16.80%) — spread drag
Sentiment
Bullish or bearish?
Analyzes
Conviction-weighted: +25% (bullish) — Raw: +14%
|OI skew| 36.8% — call-heavy
Vol skew +50.5%, OI skew +36.8% — aligned
0-DTE 0%, far-OTM 15%, avg DTE 30
OI change +0.0% (5d) — stable
ITM: -14%, ATM: -1%, OTM: +27% — neutral (ITM/ATM aligned)
Sector P/C percentile 14% — very bullish vs sector
Activity
Unusual activity?
Detects volume surges,
Volume 1.0x avg — normal
Vol/OI 9.9% — normal turnover
1 day(s) elevated — may be one-day event
OI change +9.5% (5d) — building
Sector activity percentile 83% — very active vs sector
Large trade volume 20% — mixed
Aggressive execution 26% — patient
Conviction +25 (bullish) — mixed
Liquidity
Can I trade efficiently?
Evaluates
Spread 16.8% — wide
OI 33,178 — adequate
Volume 3,298/day — adequate
$0.84 to cross — expensive
0 liquid strikes — limited options
Sector spread percentile 94% — much wider than sector
Depth 1,225.5 contracts (bid:736.3 ask:489.2) — deep
Avg slippage 5.51% — poor
Timing
Is now a good time?
Considers earnings proximity,
Slope -19.4% — contango
IV percentile 87% — seller opportunity
IV kink -9.3pts — no clear event
θ/ν ratio 172.50 — favors income trades
3 liquid expirations — flexible
safe window: No earnings detected
Spread ratio 1.00x — stable
Flow +25% @ 62% consistency — moderate (bullish)
Score 50 (ITM 20% + inst 20%) — moderate institutional
Directional Strategy Fit
For educational purposes only. Not investment advice.
The Options Desk tracks the move options price into every US earnings report the week of Aug 31, next to how much each stock has actually moved on its past prints — plus the SPY, QQQ and IWM expected ranges and the gamma walls that box them in.