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AMD

Advanced Micro Devices, Inc.Close $521.58EOD only
Max Pain
$510.00
Next expiry Jul 2, 2026
Expected Move
±$38.62
7.4% from close
Price Gap
-11.58
Distance to max pain
IV Rank
26
Middle-high premium
P/C OI
1.18
Slightly put-heavy
Consensus
7.5/10
Bullish tilt
Published snapshot: Jun 26, 2026 close
End-of-day snapshot

This page reflects AMD options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.

Published Snapshot
Jun 26, 2026 close
AMD Earnings Report
Analysis based on market close May 13, 2026
DirectionalTheta GangFlowEarningsConsensus

Historical consensus-supported lens with full content, report chain context, and metric rail.

You are viewing an older report from May 13, 2026. A newer earnings report is available for June 26, 2026.

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Earnings Verdict

83d to earnings; near-term IV elevated, flow bullish with call buying.

Confidence:
8 / 10
base 5; +2 GEX/flow strongly aligned; +1 GEX positive (pinning); -1 spot 35.0% from MP; +1 VIX 18
Most important: Short-term IV elevated; earnings far out; flow suggests bullish positioning.
📈Net premium +$488M, put/call vol ratio 0.63, bullish flow.
⚠️Term structure backwardated, IV elevated near-term despite low VIX.
💡83d to earnings; current flow may be positioning for August event.

Regime Classification

Vol Regime
High
Gamma Regime
Pinning
Flow Regime
Bullish
Spot vs MP
Above

Earnings Overview

Next earnings: 2026-08-04 (83 days)explicit

Expected moves:

  • 2026-05-15 (2d): ±$21.50 (4.8%)
  • 2026-05-22 (9d): ±$41.65 (9.3%)
  • 2026-05-29 (16d): ±$52.02 (11.7%)

IV Setup

Term structure: Backwardated: 2d IV ~66%, 9d ~59%, 16d ~56%.

Crush estimate: Earnings 83d away; no immediate crush.

Skew: Put/call OI ratio 1.06; unusual puts at 397.5 and 470 suggest hedging.

Historical Context

Beat rate: 80% (4/5 quarters)

Avg move vs expected: Historical beat rate 80% but avg move data N/A.

Directional bias: Beats often positive; flow suggests bullish bias.

Key Levels

1EM guardrails: 2d $424.00/$467.00; 1w $403.85/$487.15
2Max pain pins: $330 (2026-05-15); $400 (2026-05-22); $355 (2026-05-29)

Flow Highlights

Unusual call buying: 5/15 $447.5C (5.6k vol), $490C (8.8k vol), $492.5C (3.9k vol).

Bulls targeting resistance near $450-$500; likely bullish positioning.

Unusual put activity: 5/22 $397.5P (2.2k vol, 13.9x OI).

Bearish hedge or put spread targeting downside below $400.

Strategies

Risk Assessment

!Near-term IV elevated; VIX 18 implies broader uncertainty.
!Gamma pinning at $330 far from spot; potential for sharp moves.
!Call OI wall at $530; put floor at $240, wide range.
!Earnings 83d out; near-term volatility from other catalysts.

What to Watch

?Max pain levels: $330 (5/15), $400 (5/22), $355 (5/29) as pinning targets.
?Unusual call OI at $490-$497.5; watch resistance at $450 and $500.
?Put activity at $397.5 and $470 may hedge for earnings-related risks.
How to Use These Reports
This earnings reflects the market close on May 13, 2026.
What the reports do

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.

How traders use them

Reports are most useful for narrowing the playbook, surfacing entry and risk context, and deciding which raw data page to inspect next.

What to remember

These are interpretation layers, not execution guarantees. Validate the setup against chain liquidity, expected move, and exposure before sizing risk.

If the report conviction and the raw data disagree, slow down and resolve the mismatch before sizing risk.