AMZN options strategies, priced on the real chain
$271.58Amazon.Com Inc · chain snapshot captured Aug 1, 2026
Deep chain, no dividend, and an IV term structure that steepens hard into earnings. The no-dividend part matters: short calls here carry no early-assignment-for-the-dividend risk, which simplifies covered-call management.
Every page below prices its structure against the August 28, 2026 expiry — 33% at-the-money implied vol, #14 of the 20 underlyings on this site. What moves AMZN: earnings, AWS growth commentary, and holiday-quarter guidance.
10 strategies on AMZN
One contract (or one 100-share lot) per structure, at-the-money template strikes on the August 28, 2026expiry. Breakevens and probability of profit come from OptionTracker’s engine.
Start here
- AMZN covered callSell upside on shares you already own and get paid for the cap. · breakeven $266.63 (−1.8%)
- AMZN cash-secured putGet paid to place a limit order below the market. · breakeven $255.35 (−6.0%)
- AMZN iron condorSell a range, buy the wings, collect if the stock stays put. · breakeven $248.7 (−8.4%)
- AMZN bull call spreadBuy a call, sell a higher one — cheaper upside with a ceiling. · breakeven $275.71 (+1.5%)
- AMZN bull put spreadSell a put spread below the market: credit now, defined risk. · breakeven $258.64 (−4.8%)
- AMZN long straddleBuy the call and the put — pay for a move in either direction. · breakeven $250.84 (−7.6%)
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- Covered calls on shares you already ownThe covered-call math you find online divides premium by cost basis. If you bought the stock years ago, that number is a fantasy — and it will talk you into selling a strike you should never have touched.