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AMD

Advanced Micro Devices, Inc.Close $507.29EOD only
Max Pain
$300.00
Next expiry Jun 18, 2026
Expected Move
±$24.90
4.9% from close
Price Gap
-207.29
Distance to max pain
IV Rank
100
High premium
P/C OI
1.12
Slightly put-heavy
Consensus
5.0/10
Range bias
Published snapshot: Jun 16, 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 16, 2026 close
AMD Earnings Report
Analysis based on market close June 17, 2026
DirectionalTheta GangFlowEarningsConsensus

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

Earnings Verdict

AMD earnings 48 days out. High IV, bullish flow, spot above max pain. Historical beat rate 80%.

Confidence:
7.5 / 10
base 5; +2 GEX/flow strongly aligned; +1 GEX positive (pinning); -1 spot 60.1% from MP; +0.5 VIX 18
Most important: Spot $510 vs max pain $320; gamma flip $390. Put volume spike at $315 signals hedging.
🚨10k vol on $315 put (IV 109%) suggests deep downside hedge or bearish bet.
📈Call volume dominates (0.72 P/C ratio) – bullish flow despite high IV.
⚠️Historical beat rate 80% but 48 days out; premium pricing may be rich.

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 16,276 (23.9% below spot)

Earnings Overview

Next earnings: 2026-08-04 (48 days)explicit

Expected moves:

  • 2026-06-18 (1d): ±$18.98 (3.7%)
  • 2026-06-26 (9d): ±$46.32 (9.0%)
  • 2026-07-02 (15d): ±$58.90 (11.5%)

IV Setup

Term structure: 1d ±3.7%, 9d ±9%, 15d ±11.5% – steep contango.

Crush estimate: Expected 3-4 vol point crush post-event, but elevated VIX 18.

Skew: Put OI ratio 1.14, but call volume dominates (0.72 P/C vol). Put skew elevated.

Historical Context

Beat rate: 80% (4/5 quarters)

Avg move vs expected: 80% beat rate; no avg move data.

Directional bias: Bullish: flow positive, spot above max pain.

Key Levels

1$390.00 gamma flip
2EM guardrails: 2d $493.50/$531.45; 1w $466.15/$558.80
3Max pain pins: $320 (2026-06-18); $495 (2026-06-26); $490 (2026-07-02)

Flow Highlights

10k vol on $315 put (exp 6/26) with IV 109% – extreme low strike.

Large deep OTM put buying; likely hedge for significant downside.

18.9k vol on $540 call (exp 6/18) – aggressive upside betting.

Call flow active near highs; bullish sentiment near-term.

Strategies

Wide Iron Condor
Sell 2026-06-26 $500.00/$490.00 put wing and $520.00/$530.00 call wing
Credit: $7.02-$8.58
Max loss: $1.42
Max gain: $8.58
BE: 491.42 / 528.58
Trigger: Target 50% max gain; close or roll if spot nears $490 or $520.
Captures premium from elevated IV and steep contango; wide wings reduce gamma risk. Bullish bias but spot above max pain supports range-bound move.
Outperforms: Sells $500/$490 put spread and $520/$530 call spread. Benefits from theta decay and expected vol crush.
Underperforms: Move outside short strikes invalidates range thesis.
Bull Call Spread
Buy 2026-06-26 $500.00/$520.00 call spread
Debit: $9.02-$11.03
Max loss: $11.03
Max gain: $8.97
BE: $511.03
Trigger: Close if spot falls below $500; take partial profits near $520.
Directly expresses bullish view from 80% beat rate and positive flow. Defined risk with limited upside.
Outperforms: Buys $500 call, sells $520 call for net debit ~$9-11. Gains if AMD exceeds $520.
Underperforms: Loss of support weakens upside continuation thesis.
Long Strangle
Buy 2026-06-26 $490.00 put + buy $530.00 call
Debit: $26.23-$32.06
Max loss: $32.06
Max gain: Unlimited
BE: 457.94 / 562.06
Trigger: Set 50% stop-loss; take profit at 100% or adjust wings on conviction.
Cheaper than straddle with wider break-evens; captures potential large moves from 80% beat rate and high IV.
Outperforms: Buys $490 put and $530 call for net debit ~$26-32. Profits from moves beyond $458 or $562.
Underperforms: Insufficient realized move reduces long-strangle edge.
Long straddle
Buy 2026-06-26 $510.00 put + buy $510.00 call
Debit: $41.89-$51.20
Max loss: $51.20
Max gain: Unlimited
BE: 458.80 / 561.20
Historical beat rate 80%, IV elevated, steep contango.
Outperforms: Capture large post-earnings move, high IV but crush expected.
Underperforms: Under-realized move and IV crush hurt long-vol thesis.

Risk Assessment

!VIX 18.4 – elevated vol environment.
!Spot 60% above max pain ($320) – gamma risk if pulled to pin.
!Gamma flip at $390 could accelerate moves if breached.

What to Watch

?Sustained call volume at $540 and $600 walls.
?Put activity at $315 ($510) for downside hedging.
?Max pain pin shift as event approaches.
How to Use These Reports
This earnings reflects the market close on June 17, 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.