AMZN Stuck Between GEX Walls – Breakout or Breakdown Coming? 6/2

🧠 GEX Daily Outlook (Options Sentiment Setup)
Amazon (AMZN) closed around $205, sitting almost flat right below the HVL (High Volume Level) and the critical 202.5–208 gamma resistance cluster. This week's setup is tricky — you're right between big put support and call resistance.

GEX Flow Highlights:
* 🟢 87.21% Call Wall @ 212.5 = dealer resistance, hedging likely to cap price short-term.
* 🟥 Strong Put Support @ 195 (–78.52%) — big negative GEX means downside can accelerate if we go there, but also where price could bounce.
* 🧊 IVR at 17.4 = super cold. That makes debit spreads attractive this week.

💡 Options Strategy Ideas (based on GEX):
* Bullish: Break + hold above 208 (GEX wall) → consider Jul 19 215c or 210c/220c debit spread.
* Bearish: Lose 202.5 + see continuation → consider Jul 19 200p or 205p/195p vertical for risk-defined downside.

Key Range to Watch: 202.5 support ↔ 208 resistance
Options are cheap, so early positioning before a breakout/down makes sense.

⏱️ 1-Hour Price Action (Swing & Intraday Outlook)

Zooming in, AMZN’s been in consolidation just below resistance around 205.7, rejecting from that upper CHoCH zone at 211.9. Friday’s price action gave us a minor BOS to the downside, but bulls stepped in from around 202 again.

Here’s what stands out:
* 📍 CHoCH + BOS shows recent structure shift.
* 🟣 SMC supply zone at 211.9 is still untested again — that’s the swing target if 208 breaks.
* 🟩 Demand at 196, backed by both volume and SMC blocks — potential support for deep pullback.

📈 Swing Setup:
* Bullish Swing: Long above 208, targeting 211–215 with stop under 204.
* Bearish Swing: Short if 202.5 breaks with volume → target 198 and then 196.

📉 Intraday Setup:
* Morning fade into 202–203 is playable for quick long scalp to 205.
* Rejection near 205.7–206 again = scalp short back to 202 zone.
Best setups are reaction plays at key zones — don’t chase in the middle.

🎯 Final Take
AMZN is primed — either we clear 208 and gamma flips bullish into 212.5+… or we lose 202.5 and slide into the 195 put-heavy support. IV is cheap, and a breakout move could bring both delta and vega gains on calls. Watch volume around those inflection points for confirmation.

⚠️ Disclaimer:
This analysis is for educational purposes only and not financial advice. Always do your own due diligence and trade responsibly.