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AMD

Advanced Micro Devices, Inc.Close $414.05EOD only
Max Pain
$415.00
Next expiry May 22, 2026
Expected Move
±$24.90
6.0% from close
Price Gap
+0.95
Distance to max pain
IV Rank
46
Middle-high premium
P/C OI
1.08
Balanced positioning
Consensus
7.0/10
Bullish tilt
Published snapshot: May 19, 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
May 19, 2026 close
AMD Earnings Report
Analysis based on market close May 15, 2026
DirectionalTheta GangFlowEarningsConsensus

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

You are viewing an older report from May 15, 2026. A newer earnings report is available for May 19, 2026.

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Earnings Verdict

AMD pre-earnings setup with strong historical beat rate but long duration ahead.

Confidence:
7.5 / 10
base 5; +2 GEX/flow strongly aligned; +1 GEX positive (pinning); -1 spot 23.8% from MP; +0.5 VIX 18
Most important: 81 days to earnings; elevated IV with pinning gamma and large expected moves.
📈Historical 80% beat rate supports bullish bias.
⚠️Deep OTM put activity suggests tail risk hedging.
🔮Steep contango indicates high premium for long-dated options.

Regime Classification

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

Earnings Overview

Next earnings: 2026-08-04 (81 days)explicit

Expected moves:

  • 2026-05-22 (7d): ±$32.72 (7.7%)
  • 2026-05-29 (14d): ±$43.05 (10.2%)
  • 2026-06-05 (21d): ±$52.83 (12.5%)

IV Setup

Term structure: Steep contango, near-term low IV due to expiration, back-month elevated.

Crush estimate: High crush expected post-event as long-dated IV declines.

Skew: Deep OTM puts show tail hedging; call walls at $450-$530.

Historical Context

Beat rate: 80% (4/5 quarters)

Avg move vs expected: Average move often exceeds expected move (80% beat rate).

Directional bias: Bullish bias given beat rate but mixed flow.

Key Levels

1EM guardrails: 1w $391.38/$456.83
2Max pain pins: $342 (2026-05-15); $410 (2026-05-22); $380 (2026-05-29)

Flow Highlights

Large put volume at $255 (29d, OTM 40%)

Tail risk hedging or bearish speculation.

Large call volume at $437.5 (7d, ATM) with high OI open

Call buying near max pain, potential pinning.

Strategies

Bullish Call Diagonal
Sell 2026-05-22 $447.50 call / buy 2026-06-26 $430.00 call
Debit: $24.12-$29.48
Max loss: $29.48
Max gain: Variable
BE: Path-dependent
Trigger: Close before earnings or roll if price approaches short strike.
Only eligible candidate; leverages steep contango and high beat rate.
Outperforms: Sells short-dated call, buys later-dated call to benefit from time decay and potential IV expansion.
Underperforms: Loss of support or adverse vol term shift weakens thesis.

Risk Assessment

!Long duration increases uncertainty
!IV crush may be delayed but large
!Gamma pinning near $342-$410

What to Watch

?Earnings catalyst (Aug 4)
?Sector rotation in semis
?AI chip demand news
How to Use These Reports
This earnings reflects the market close on May 15, 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.