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AMD

Advanced Micro Devices, Inc.Close $466.38EOD only
Max Pain
$492.50
Next expiry Jun 12, 2026
Expected Move
±$38.72
8.3% from close
Price Gap
+26.12
Distance to max pain
IV Rank
82
High premium
P/C OI
1.10
Balanced positioning
Consensus
6.0/10
Bearish tilt
Published snapshot: Jun 5, 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 5, 2026 close
AMD Earnings Report
Analysis based on market close June 8, 2026
DirectionalTheta GangFlowEarningsConsensus

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

Earnings Verdict

Bullish positioning with heavy call accumulation; 80% beat rate supports upside.

Confidence:
9 / 10
base 5; +2 GEX/flow strongly aligned; +1 GEX positive (pinning); +0.5 spot 1.1% from MP; +0.5 VIX 19
Most important: Max pain at $485, put floor at $390, call wall at $600.
📈Heavy call flow in 6/12 expiry signals near-term bullish conviction.

Regime Classification

Vol Regime
High
Gamma Regime
Pinning
Flow Regime
Bullish
Spot vs MP
Above
Gamma flip: ~$390.00 — Approx — based on put OI concentration of 16,230 (20.5% below spot)

Earnings Overview

Next earnings: 2026-08-04 (57 days)explicit

Expected moves:

  • 2026-06-12 (4d): ±$35.20 (7.2%)
  • 2026-06-18 (10d): ±$50.03 (10.2%)
  • 2026-06-26 (18d): ±$63.68 (13.0%)

IV Setup

Term structure: Front-month IV at 77%; backwardated with earnings hump Aug 4.

Crush estimate: 30-40% IV crush post-earnings from current levels.

Skew: Put OI dominance but call premium flow bullish.

Historical Context

Beat rate: 80% (4/5 quarters)

Avg move vs expected: Historical move ~8%, near implied.

Directional bias: Bullish due to 80% beat rate.

Key Levels

1$390.00 gamma flip
2EM guardrails: 1w $440.30/$540.35
3Max pain pins: $485 (2026-06-12); $250 (2026-06-18); $470 (2026-06-26)

Flow Highlights

Unusual call buying at $487.5, $492.5, $500 strikes with high vol/oi ratios.

Bullish positioning targeting upside to $500+.

Put OI concentration at lower strikes, floor near $390.

Gamma support if spot declines.

Strategies

Iron Condor
Sell 2026-06-18 $470.00/$467.50 put wing and $510.00/$515.00 call wing
Credit: $2.36-$2.89
Max loss: $2.11
Max gain: $2.89
BE: 467.11 / 512.89
Trigger: Close at 50% max gain or adjust if spot breaches wings.
Defined risk, captures IV crush with support at 470 and resistance at 510.
Outperforms: Sells OTM put and call wings to profit from range-bound move post-crush.
Underperforms: Move outside short strikes invalidates range thesis.
Short Strangle
Sell 2026-06-18 $470.00 put + sell $515.00 call
Credit: $27.83-$34.02
Max loss: Unlimited
Max gain: $34.02
BE: 435.98 / 549.02
Trigger: Roll or hedge if spot approaches strike; strict stop at 2x credit.
High credit from elevated IV but unlimited risk; best for aggressive.
Outperforms: Sells naked put and call to profit from IV crush with wide breakevens.
Underperforms: Break outside short strikes invalidates short-vol thesis.
Call Calendar
Sell 2026-06-18 $510.00 call / buy 2026-07-17 $510.00 call
Debit: $18.83-$23.02
Max loss: $23.02
Max gain: Variable
BE: Path-dependent
Trigger: Monitor IV; close if spot moves below 485 invalidation.
Captures term structure normalization with front-month decay; bullish bias.
Outperforms: Sells near-term call, buys longer-term call to profit from IV contraction and time decay.
Underperforms: Loss of support or adverse vol term shift weakens thesis.

Risk Assessment

!Gamma flip risk at $390 if spot drops 20%.
!Resistance at $554 (EM guardrail).
!Call OI wall at $600 may cap rally.

What to Watch

?Spot reaction to max pain $485.
?Volume on put strikes near $390.
?Earnings date proximity (57 days) reduces near-term vol.
How to Use These Reports
This earnings reflects the market close on June 8, 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.