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AMD

Advanced Micro Devices, Inc.Close $551.63EOD only
Max Pain
$505.00
Next expiry Jun 26, 2026
Expected Move
±$39.88
7.2% from close
Price Gap
-46.63
Distance to max pain
IV Rank
24
Low premium
P/C OI
1.15
Slightly put-heavy
Consensus
5.0/10
Range bias
Published snapshot: Jun 22, 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 22, 2026 close
AMD Earnings Report
Analysis based on market close June 23, 2026
DirectionalTheta GangFlowEarningsConsensus

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

Earnings Verdict

AMD setup with high IV, bullish calls flow, 80% beat rate, 42 days to earnings.

Confidence:
9 / 10
base 5; +2 GEX/flow strongly aligned; +1 GEX positive (pinning); +0.5 spot 1.9% from MP; +0.5 VIX 19
Most important: Massive call volume at $515-$525 weekly strikes, put OI floor at $390.
📈Largest call: 2057 vol on $522.5C vs 191 OI
🛡️Put OI floor at $390, heavy below
⚠️QQQ -3.3%, VIX 19.5 – macro headwinds

Regime Classification

Vol Regime
High
Gamma Regime
Pinning
Flow Regime
Mixed
Spot vs MP
Below
Gamma flip: ~$390.00 — Approx — based on put OI concentration of 16,396 (25.0% below spot)

Earnings Overview

Next earnings: 2026-08-04 (42 days)explicit

Expected moves:

  • 2026-06-26 (3d): ±$33.85 (6.5%)
  • 2026-07-02 (9d): ±$51.80 (10.0%)
  • 2026-07-10 (17d): ±$67.45 (13.0%)

IV Setup

Term structure: Upward sloping: 6.5% (3d), 10% (9d), 13% (17d)

Crush estimate: Expected large crush post-earnings (~50-60%)

Skew: Put skew steep, downside protection evident at low strikes.

Historical Context

Beat rate: 80% (4/5 quarters)

Avg move vs expected: No explicit data, but high beat rate suggests upside moves.

Directional bias: Bullish due to 80% historical beat rate.

Key Levels

1$390.00 gamma flip
2EM guardrails: 2d $486.00/$553.70; 1w $468.05/$571.65
3Max pain pins: $530 (2026-06-26); $500 (2026-07-02); $500 (2026-07-10)

Flow Highlights

Unusual call volume on 2026-06-26 $515-$525 strikes, vol/OI 3-10x

Aggressive bullish positioning into weekly expiry.

Large put purchase on 2026-07-02 $497.5 strike, vol/OI 6.6x

Hedging or bearish bet extending beyond weekly.

Strategies

Long strangle
Buy 2026-07-31 $475.00 put + buy $610.00 call
Debit: $46.91-$57.34
Max loss: $57.34
Max gain: Unlimited
BE: 417.66 / 667.34
Trigger: Set profit targets; adjust or close before earnings if IV expands sufficiently.
Only eligible candidate; lower premium than straddle, captures bullish tail bias from high IV and call flow.
Outperforms: Buying OTM put and call to profit from a large earnings move with lower upfront cost.
Underperforms: Insufficient realized move reduces long-strangle edge.

Risk Assessment

!Market selloff (QQQ -3.3%) may pressure AMD
!Elevated VIX (19.5) signals broader uncertainty
!Gamma flip at $390, put OI heavy below spot

What to Watch

?Price action near max pain $530 (weekly) and $500 (next)
?Call volume continuation at $515-$525
?Put OI at $497.5 and $510 support levels
How to Use These Reports
This earnings reflects the market close on June 23, 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.