AMZN Reversal Trade at Gamma Wall Delivers 8:1 Intraday Short

When price meets positioning, the market often tells you exactly what to do.

In this intraday Amazon (AMZN) case study from March 11, SpotGamma tools identified a high‑probability bearish reversal as price stalled at a major gamma level. By combining Equity Hub levels with HIRO flow signals, this trade captured a sharp move lower with precise risk control and asymmetric reward — turning market structure into a clean, conviction-based short.

The result? An 8:1 intraday short. Here’s how:

Author:  Doug Pless
Professional Trader & SpotGamma Content Contributor

The Setup	The Tools	The Execution	The Payoff
• Stock: Amazon (AMZN) • Trade Type: Intraday short using stock shares • Bias: Bearish reversal at major resistance • Volatility: Active intraday range with heavy options participation • Thesis: AMZN rallied from the 195 hedge wall into the 200 key gamma strike, where options flow signaled exhaustion and reversal	Equity Hub • Key Gamma Strike: $200 • Hedge Wall: $195 • Levels framed resistance, downside targets, and exits HIRO • Traders began buying puts near $200 • Market makers sold stock to hedge • Multiple call peak patterns signaled buyer exhaustion	• Primary Entry: $199.29 after rejection at $200 • Stop Loss: $0.50 • Target: $195 hedge wall • Secondary Entry: $197.10 after renewed call selling • Execution Confirmation: HIRO put buying + call peak patterns + price rejection	• Primary R/R: ~8:1 (199.29 → 195.40) • Secondary R/R: ~2:1 (197.10 → 195.00) • Result: Clean intraday reversal captured using gamma resistance and real-time flow confirmation

• HIRO put buying and call peak pattern warned of reversal before price turned.
• Gamma structure defined both entries and exits, eliminating guesswork.
• Tight risk plus structural targets produced asymmetric reward in under an hour.

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