base 5; +2 GEX/flow strongly aligned; +1 GEX positive (pinning); +1 spot 0.2% from MP; +0.5 VIX 18
Watch next session: $405 max pain; $415 resistance
Net premium: +$307.4M bullish
P/C volume ratio: 0.76
P/C OI ratio: 1.08
Aggressive call buying and positive gamma pin spot near $405. Unusual call prints dominate. Bullish bias while support holds.
#1AMD 2026-05-22 $407.50 Call
Intent: Bullish call buying
Read-through: Expects AMD above 407.5 by May 22
#2AMD 2026-05-22 $405.00 Call
Intent: Bullish call buying
Read-through: Expects AMD above 405 by May 22
#3AMD 2026-05-29 $405.00 Call
Intent: Bullish call buying
Read-through: Expects AMD above 405 by May 29
#4AMD 2026-05-29 $410.00 Call
Intent: Unclear flow intent
Read-through: Needs contextual interpretation.
#5AMD 2026-05-22 $410.00 Call
Intent: Unclear flow intent
Read-through: Needs contextual interpretation.
Call additions: Heavy call buying at 405-425 strikes for 5/22 and 5/29 expirations
Put additions: Negligible put activity
GEX/DEX consistency: Consistent: GEX positive and DEX bullish align with bullish flow
OI clusters: Largest OI at 415, 410, 405 strikes for weekly expiry
Hedging evidence: No significant hedging detected
Max pain context: Spot near max pain, pinning expected
~Heavy call buying with high vol/oi ratios is real signal; scattered small lots are noise
~No put accumulation indicates no bearish hedging
~GEX/DEX alignment confirms institutional bullish positioning