AMD
Advanced Micro Devices, Inc.Close $466.38EOD onlyThis page reflects AMD options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.
Historical consensus-supported lens with full content, report chain context, and metric rail.
Outlook
AMD bullish bias due to pinning gamma at $485 and bullish flow; targeting resistance $540-554 with high confidence.
Conflicts: Resistance at $540 and $554; gamma flip at $390; overbought RSI risk.
Regime Classification
Price Range Forecast
Key Levels
Dealer Positioning (GEX/DEX)
GEX: $+37.1M
DEX: +96.4M shares
Gamma flip: ~$390 (Approx — based on put OI concentration of 16,230 (20.5% below spot))
NTM gamma: Long gamma +$37.1M; delta +96.4M shares; gamma flip at $390; dealers long vol, bullish delta.
IV Analysis
IV vs VIX: AMD IV rich vs VIX (18.92); elevated vol justifies bullish flow premium.
Term structure: Likely backwardation near expiries; kinks around weekly max pain dates.
Skew: Call skew elevated; put wing cheap relative to call; consider call spreads or long vol strangles.
Flow Analysis
Net premium: Net premium $227.7M positive with put/call vol ratio 0.79, indicating strong call buying bias.
Directional prints: 76.9 call 500 OTM 2026-06-12 — Volume 13601 vs OI 3069 (vol/OI 4.4), active call buying at key round number, likely purchased for upside momentum, preferred read bullish. 77.4 call 490 ITM 2026-06-12 — Volume 7412 vs OI 1210 (vol/OI 6.1), heavy call accumulation, indicates bullish sentiment near support, preferred read bullish. 77.2 call 510 OTM 2026-06-12 — Volume 9317 vs OI 1510 (vol/OI 6.2), large call open interest building, suggests bullish breakout play, preferred read bullish.
Unusual: 77.6 call 487.5 ITM 2026-06-12 — Vol/OI 12.3x (2628 vol vs 213 OI), extreme ratio, aggressive call buying likely initiating new positions, preferred read bullish. 77.4 call 492.5 OTM 2026-06-12 — Vol/OI 9.8x (2440 vol vs 249 OI), highly unusual call volume, suggests directional conviction to the upside, preferred read bullish. 89.3 call 640 OTM 2026-06-12 — Vol 822 vs OI 202 (vol/OI 4.1), far OTM call with elevated IV, likely speculative lottery ticket buying, preferred read bullish skew.
Risks & Catalysts
Strategy Viability
| Strategy | Edge | Best Setup | Primary Risk |
|---|---|---|---|
| Bull call spread | Strong | Buy 2026-08-21 $500.00/$510.00 call spread Why now: Strong call flow and gamma support upside; expiration after earnings for follow-through. | Max loss if stock below $500; capped profit at $515. Substitutions: short_call: resolved contract 2026-08-21 $515.00 missing; used 2026-08-21 $510.00. |
| Bull call spread | Strong | Buy 2026-08-21 $500.00/$530.00 call spread Why now: Strong call buying and gamma pin at $485 make call spread efficient. | Max loss if spot stays below $485; cap at $515. |
| Put credit spread | Moderate-Strong | Sell 2026-08-21 $440.00/$400.00 put spread Why now: Low put vol and net call buying suggest downside support at $480. | Max loss if spot drops below $470; short put at $480. |
| Bullish risk reversal | Moderate | Buy 2026-08-21 $500.00 call / sell 2026-08-21 $420.00 put Why now: Cost-effective way to express strong bullish view with limited downside. | Unlimited upside potential but short put loss if spot falls below $470. |
Top Plays
Watchlist Triggers
Tactical Summary
Each report translates the same market-close options snapshot into a specific lens such as directional bias, premium-selling posture, flow quality, or earnings setup.
Reports are most useful for narrowing the playbook, surfacing entry and risk context, and deciding which raw data page to inspect next.
These are interpretation layers, not execution guarantees. Validate the setup against chain liquidity, expected move, and exposure before sizing risk.