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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 15, 2026
DirectionalTheta GangFlowEarningsConsensus

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

Earnings Verdict

AMD earnings 50 days out; bullish flow and 80% beat rate support confidence.

Confidence:
8 / 10
base 5; +2 GEX/flow strongly aligned; +1 GEX positive (pinning); -1 spot 102.7% from MP; +1 VIX 16
Most important: Heavy put hedging at 535-550 vs call buying at 555-585 suggests mixed positioning.
🛡️Heavy put buying at 535-550 suggests institutional hedging.
📈Net premium +$636M dominates, 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 16,280 (28.7% below spot)

Earnings Overview

Next earnings: 2026-08-04 (50 days)explicit

Expected moves:

  • 2026-06-18 (3d): ±$34.27 (6.3%)
  • 2026-06-26 (11d): ±$29.52 (5.4%)
  • 2026-07-02 (17d): ±$70.70 (12.9%)

IV Setup

Term structure: Front-end elevated: 3d ±6.3%, 11d ±5.4%, 17d ±12.9%.

Crush estimate: Significant crush after Aug 4; near-term expiries less affected.

Skew: Put skew elevated with unusual put volume at 535-550 strikes.

Historical Context

Beat rate: 80% (4/5 quarters)

Avg move vs expected: Not available; beat rate 80% suggests favorable moves.

Directional bias: Slightly bullish based on beat rate and current flow.

Key Levels

1$390.00 gamma flip
2EM guardrails: 2d $512.99/$581.54
3Max pain pins: $270 (2026-06-18); $470 (2026-06-26); $480 (2026-07-02)

Flow Highlights

Unusual put buying at 535, 540, 550 strikes (vol/OI >20) and call buying at 555, 552.5, 585.

Mixed positioning: puts hedging, calls bullish. Net premium +$636M bullish.

Strategies

Iron Condor
Sell 2026-06-26 $477.50/$475.00 put wing and $600.00/$602.50 call wing
Credit: $1.01-$1.24
Max loss: $1.26
Max gain: $1.24
BE: 476.26 / 601.24
Trigger: Close at 50% max gain or before earnings.
Mixed flow & high IV favor range; 80% beat rate limits downside.
Outperforms: Sell put & call wings to capture elevated IV premium.
Underperforms: Move outside short strikes invalidates range thesis.
Call Calendar
Sell 2026-06-26 $600.00 call / buy 2026-07-17 $600.00 call
Debit: $15.08-$18.43
Max loss: $18.43
Max gain: Variable
BE: Path-dependent
Trigger: Exit at invalidation or near expiration.
Term structure shows front-month IV higher; defined risk.
Outperforms: Sell near-term call, buy back-month for IV differential.
Underperforms: Loss of support or adverse vol term shift weakens thesis.
Short Strangle
Sell 2026-06-26 $477.50 put + sell $600.00 call
Credit: $15.97-$19.53
Max loss: Unlimited
Max gain: $19.53
BE: 457.97 / 619.53
Trigger: Set stop-loss on breach of short strikes.
Highest premium but undefined risk; high beat rate supports.
Outperforms: Sell OTM put & call for premium.
Underperforms: Break outside short strikes invalidates short-vol thesis.
Put diagonal
Sell 2026-06-26 $477.50 put / buy 2026-07-17 $480.00 put
Debit: $11.30-$13.81
Max loss: $13.81
Max gain: Variable
BE: Path-dependent
Similar call calendar rationale applied to puts; hedging demand at 535-550 supports put premium.
Outperforms: Sell rich near-term put vol, buy back-month put, benefiting from elevated front-end IV.
Underperforms: Loss of support or adverse vol term shift weakens thesis.

Risk Assessment

!Earnings miss despite high beat rate.
!High IV could amplify post-earnings swing.

What to Watch

?Earnings on Aug 4, 50 days out.
?Call OI wall at $600 resistance.
?Unusual put activity at 535-550 strikes.
How to Use These Reports
This earnings reflects the market close on June 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.