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AMD

Advanced Micro Devices, Inc.Close $511.57EOD only
Max Pain
$260.00
Next expiry Jun 18, 2026
Expected Move
±$39.38
7.7% from close
Price Gap
-251.57
Distance to max pain
IV Rank
100
High premium
P/C OI
1.10
Slightly put-heavy
Consensus
8.0/10
Bullish tilt
Published snapshot: Jun 12, 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 12, 2026 close
AMD Earnings Report
Analysis based on market close June 11, 2026
DirectionalTheta GangFlowEarningsConsensus

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

You are viewing an older report from June 11, 2026. A newer earnings report is available for June 12, 2026.

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Earnings Verdict

High confidence bullish setup; elevated IV, strong call flow, pinning gamma, 80% beat rate.

Confidence:
9 / 10
base 5; +2 GEX/flow strongly aligned; +1 GEX positive (pinning); +0.5 spot 1.8% from MP; +0.5 VIX 19
Most important: Key levels: $480 max pain, $470/$475 gamma, $390 flip; premiums rich but flow confident.
📈Bullish call flow at $470-$477.5: strong conviction near max pain.
⚠️Gamma flip at $390: potential volatility accelerant if breached.
📊IV elevated with upward term structure; wait for entry after decay?

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 16,273 (20.2% below spot)

Earnings Overview

Next earnings: 2026-08-04 (54 days)explicit

Expected moves:

  • 2026-06-12 (1d): ±$18.40 (3.8%)
  • 2026-06-18 (7d): ±$41.53 (8.5%)
  • 2026-06-26 (15d): ±$58.07 (11.9%)

IV Setup

Term structure: Upward sloping: 1d ±3.8%, 7d ±8.5%, 15d ±11.9% reflecting earnings uncertainty.

Crush estimate: Post-earnings crush ~30-40% from Aug highs; near-term expirations unaffected.

Skew: Put skew elevated at downside; put floor $285-$390; call wall $600.

Historical Context

Beat rate: 80% (4/5 quarters)

Avg move vs expected: Slight upside bias; avg move near expected given 80% beat rate.

Directional bias: Bullish (80% beat rate).

Key Levels

1$390.00 gamma flip
2EM guardrails: 2d $470.05/$506.85; 1w $446.93/$529.98
3Max pain pins: $480 (2026-06-12); $260 (2026-06-18); $470 (2026-06-26)

Flow Highlights

Unusual call volume at $467.5-$477.5 strikes expiring 6/12; vol/oi ratios 4.5-7.1.

Aggressive bullish positioning near max pain $480; pinning expected.

Massive put volume at $470 strike (vol 10291, OI 2532) with high vol/oi.

Hedging downside; put floor reinforced near $470.

Strategies

Bull Call Spread
Buy 2026-08-21 $470.00/$500.00 call spread
Debit: $12.28-$15.01
Max loss: $15.01
Max gain: $14.99
BE: $485.01
Trigger: Set invalidation at $480; exit if price closes below.
Directly benefits from bullish bias (80% beat rate) with limited risk.
Outperforms: Buy 470/500 call spread targeting upside to max pain $480.
Underperforms: Loss of support weakens upside continuation thesis.
Iron Condor
Sell 2026-06-26 $470.00/$465.00 put wing and $505.00/$510.00 call wing
Credit: $3.44-$4.21
Max loss: $0.79
Max gain: $4.21
BE: 465.79 / 509.21
Trigger: Monitor gamma flip; adjust wings if price trends.
High IV favors premium sales; put wing below gamma flip at $390 aligns with bullish skew.
Outperforms: Sell 470/465 put and 505/510 call to collect premium.
Underperforms: Move outside short strikes invalidates range thesis.
Long Strangle
Buy 2026-08-21 $470.00 put + buy $510.00 call
Debit: $100.08-$122.32
Max loss: $122.32
Max gain: Unlimited
BE: 347.68 / 632.32
Trigger: Exit before earnings to avoid IV crush.
Cheaper than straddle; wide strikes (470/510) capture significant move expected from earnings.
Outperforms: Buy 470 put and 510 call for volatility expansion.
Underperforms: Insufficient realized move reduces long-strangle edge.
Long straddle
Buy 2026-08-21 $500.00 put + buy $500.00 call
Debit: $118.26-$144.54
Max loss: $144.54
Max gain: Unlimited
BE: 355.46 / 644.54
Event catalyst with elevated IV; current IV may expand further. Use at-the-money 500 strike.
Outperforms: Buy volatility ahead of earnings to profit from large move.
Underperforms: Under-realized move and IV crush hurt long-vol thesis.

Risk Assessment

!Gamma flip below $390 could trigger acceleration.
!High IV premium may decay rapidly if no catalyst.
!Earnings still 54 days away; macro risks could shift positioning.

What to Watch

?Max pain $480 and $470/$475 gamma levels.
?Call wall at $600; put floor at $285-$390.
?Gamma flip level $390; VIX movements.
How to Use These Reports
This earnings reflects the market close on June 11, 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.

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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.