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Best Options Strategy for AMPY

By Yojana Mandon · Updated 2026 · 2 min read · Risk disclaimer

Looking for the best options strategy for Amplify Energy Corp. (AMPY)? There is no single answer — the right play depends on your outlook, your risk tolerance and current implied volatility. Below, our free engine shows the highest-scoring defined-risk strategy on the live AMPY option chain right now, and a simple map from your view on AMPY to the strategy that fits it. Model any of them in the calculator before you trade.

About AMPY

Amplify Energy Corp. (AMPY) is a major company in Oil & Gas E&P. Options traders on AMPY tend to watch , since these can drive large moves in the share price.

Today's top-scoring strategy for AMPY

Our engine ranks defined-risk strategies on the live AMPY chain by probability of profit and risk/reward, then surfaces the best-scoring one. It is an educational illustration, not advice.

Long Call Butterfly neutral
Price: $100.00Implied volatility: 32%Expiration: 2026-07-17 (30d)
ActionQtyTypeStrikePremium
BuyCALL$95$6.83
SellCALL$100$3.82
BuyCALL$105$1.87
P/L at expiry vs today At expiry Today ±1σ
$82$100$118
Max Profit
$394
Max Loss
−$106
Net Debit (cost)
$106
Breakeven(s)
$96.06, $103.94
Position Greeks
Δ
0.43
Γ
−1.202
Θ
1.69
ν
−3.16
Time decay (price held)

Simulation

Forward simulation of 6,000 lognormal price paths to expiration — not a historical backtest.

Win rate
33%
Mean P/L
−$2
Median
−$106
Exp. move (1σ)
9%
5th pct
−$106
25th pct
−$106
75th pct
$96
95th pct
$333

Strategy analysis

Simulated price paths (time × price)
now $100BE $96BE $104$86$101$1160d15d30d
$-100$144$388

Greeks vs price

Δ — $ P/L per $1 move in the underlying (share-equivalent exposure).
Θ — $ P/L per day from time decay.
ν — $ P/L per +1% in implied volatility.
Γ — how fast delta changes per $1 move.

Price × volatility (today)

−30%−15%IV+15%+30%
$125−$105−$103−$99−$94−$89
$120−$102−$96−$88−$82−$77
$115−$88−$77−$69−$64−$61
$110−$50−$42−$40−$41−$43
$105$10−$1−$11−$20−$28
$100$42$18$0−$13−$23
$95$3−$7−$16−$25−$32
$90−$64−$55−$52−$51−$52
$85−$98−$91−$84−$78−$75
$80−$105−$103−$100−$96−$92
$75−$106−$106−$105−$104−$101
Analyze AMPY in the calculator → Share this pick ↗

Illustrative example at AMPY's latest available price, computed with the same engine as the tool. Live option fills and the real IV skew refresh during US market hours.

Implied volatility

AMPY typically trades with moderate implied volatility, broadly in line with other large-cap stocks. Implied volatility drives option prices, so it is worth checking the live chain before you trade.

AMPY insider trading activity (SEC Form 4)

Open-market insider transactions at AMPY over roughly the last six months, from SEC Form 4 filings. Open-market buys are the rarer, more telling signal — routine selling under pre-arranged plans is common, so read a net-selling figure with that in mind.

Open-market buys
1 · $99K
Open-market sells
2 · $1.5M
Net (buy − sell)
−$1.4M
InsiderActionSharesValueDate
PERGA CAPITAL PARTNERS, LPSell500$552026-07-06
FREW JAMESBuy25,000$99K2026-06-23
COGHILL CLINT DSell242,489$1.5M2026-03-17

Source: SEC Form 4 filings via Finnhub. Open-market purchases (P) and sales (S) only — grants, option exercises, gifts and tax withholding are excluded. Informational context, not investment advice.

Earnings & IV crush

AMPY's next earnings report is due around November 4, 2026. Options that expire after it price in a binary move, so their implied volatility is elevated and usually collapses right after the announcement — an "IV crush". If your expiration falls before this date, the trade sidesteps the event.

Key figures

Market cap
$204M
Beta (vs market)
-0.15
52-week range
$3.65–$6.79
Short interest
10.3% of float · 4.2 days to cover

With 10.3% of AMPY's float sold short, squeeze and gap risk are elevated — one reason its options can stay expensive.

How to choose an options strategy for AMPY

Start with your outlook on AMPY, then match it to a defined-risk structure. Here are the most common choices and when each makes sense:

Bullish

You expect AMPY to rise

Buy a call for leverage with capped risk, or a bull call spread to lower the cost and breakeven when you have a target price.

Long Call → Bull Call Spread →

Bearish

You expect AMPY to fall

Buy a put to profit from a decline with defined risk, or a bear put spread to cheapen the trade when you expect a measured move down.

Long Put → Bear Put Spread →

Neutral

You expect AMPY to trade in a range

Sell an iron condor to collect premium while AMPY stays between two strikes, or write a covered call against shares you already own.

Iron Condor → Covered Call →

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How we pick the best strategy

For each ticker we pull the live option chain, build every supported strategy around the at-the-money strikes, and score them on probability of profit, risk/reward and capital efficiency — favouring defined-risk structures where the maximum loss is known up front. Methodology →

Open AMPY in the free calculator →

Frequently asked questions

What is the best options strategy for AMPY?

It depends on your outlook. Bullish traders often use a long call or bull call spread on AMPY; bearish traders a long put or bear put spread; neutral traders an iron condor or covered call. Our live scan above shows the current highest-scoring defined-risk play.

Are AMPY options liquid enough to trade?

Amplify Energy Corp. (AMPY) is among the most actively-traded US options, which usually means tight bid/ask spreads and plenty of strikes and expirations — though you should always check the open interest and spread on the exact contract.

How much money do I need to trade AMPY options?

Buying a single AMPY call or put can cost as little as the premium (often one to a few hundred dollars), while income strategies like a cash-secured put need enough capital to buy 100 shares if assigned.

Is this financial advice?

No. Everything here is educational and uses delayed, third-party data. It is not a recommendation to trade AMPY or any security. Do your own research.

What does Amplify Energy Corp. do?

Amplify Energy Corp. (AMPY) operates in the Oil & Gas E&P industry. The "About Amplify Energy Corp." section above gives a fuller picture of what the company does and how it earns money.

Does Amplify Energy Corp. pay a dividend?

We don't show a confirmed dividend yield for Amplify Energy Corp. here, so treat it as uncertain: before writing calls, check its current dividend and ex-dividend date with your broker — an approaching ex-dividend date can trigger early assignment on in-the-money short calls.

When does Amplify Energy Corp. next report earnings?

Amplify Energy Corp.'s next earnings are expected around November 4, 2026. Implied volatility usually climbs into the report and drops sharply afterwards (IV crush) — important for any options position held over the date.

Price trend

Short term · 1M
▲ +12.3%
Mid term · 3M
▲ +12.6%
Long term · 1Y
▲ +24.5%

Tickers related to AMPY

Comparing AMPY with similar names can help you choose the best options strategy:

MURMurphy Oil CorporationRRCRange Resources CorporationAPAAPA CorporationSMSM Energy CompanyEOGEOG Resources, Inc.MTDRMatador Resources Company

Company information

Headquarters
500 Dallas Street, Suite 1700, Houston, TX, 77002, United States
Industry
Oil & Gas E&P
Employees
184
CEO
Mr. Daniel Furbee
Phone
832 219 9001
Website
www.amplifyenergy.com

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Educational use only. Quotes are delayed ~15 minutes and nothing here is financial advice. Options trading involves substantial risk of loss. Privacy · Terms.