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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 12, 2026
DirectionalTheta GangFlowEarningsConsensus

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

Earnings Verdict

AMD next earnings in 53 days. High IV, bullish flow, gamma pinning. Beat rate 80%.

Confidence:
8 / 10
base 5; +2 GEX/flow strongly aligned; +1 GEX positive (pinning); -1 spot 6.6% from MP; +1 VIX 18
Most important: Spot 6.6% above max pain ($480). Strong call OI wall at $600, put floor $285-$390. Net premium +$361M.
📊80% beat rate, avg move 7%
⚡Unusual put activity near expiry
💰Net premium +$361M, bullish flow

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 16,284 (23.8% below spot)

Earnings Overview

Next earnings: 2026-08-04 (53 days)explicit

Expected moves:

  • 2026-06-18 (6d): ±$39.38 (7.7%)
  • 2026-06-26 (14d): ±$58.40 (11.4%)
  • 2026-07-02 (20d): ±$70.28 (13.7%)

IV Setup

Term structure: Front-end elevated: 6d ±7.7%, 14d ±11.4%.

Crush estimate: Significant crush post-earnings, possibly 30-50% from elevated levels.

Skew: Put skew elevated near expiry; call OI concentrated at $600.

Historical Context

Beat rate: 80% (4/5 quarters)

Avg move vs expected: Avg move ±7% vs expected ~7.7%.

Directional bias: Slightly bullish due to 80% beat rate.

Key Levels

1$390.00 gamma flip
2EM guardrails: 1w $472.20/$550.95
3Max pain pins: $480 (2026-06-12); $260 (2026-06-18); $470 (2026-06-26)

Flow Highlights

Unusual put volume at $512.5, $517.5 strikes (>15x vol/OI) on 6/12 expiry.

Aggressive hedging or bearish speculation near expiry.

Massive call volume on 6/12 $520C (35,675 vol vs 2,396 OI) at $0.01.

Likely closing/rolling positions ahead of expiration.

Strategies

Defined-Risk Premium Harvest
Sell 2026-06-26 $470.00/$445.00 put wing and $570.00/$600.00 call wing
Credit: $9.23-$11.28
Max loss: $18.72
Max gain: $11.28
BE: 458.72 / 581.28
Trigger: Close at 50% max gain or before earnings.
Limits tail risk while capturing elevated IV.
Outperforms: Sell put spread near support and call spread near resistance.
Underperforms: Move outside short strikes invalidates range thesis.
High Premium Tail Play
Sell 2026-06-26 $445.00 put + sell $600.00 call
Credit: $11.34-$13.86
Max loss: Unlimited
Max gain: $13.86
BE: 431.14 / 613.86
Trigger: Defend if spot nears strike; consider rolling out.
Higher premium but unlimited downside on breakouts.
Outperforms: Sell naked put and call outside expected move.
Underperforms: Break outside short strikes invalidates short-vol thesis.

Risk Assessment

!Spot 6.6% above max pain ($480); pinning risk.
!Crowded flow ($361M) may amplify reversal.
!Earnings 53 days away leaves time for volatility expansion.

What to Watch

?Support $480 (max pain), resistance $570.
?Gamma flip at $390; if spot drops, put gamma accelerates.
?Earnings move for Jun18: ±$39.38 (7.7%).
How to Use These Reports
This earnings reflects the market close on June 12, 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.