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AMD

Advanced Micro Devices, Inc.Close $449.59EOD only

Max Pain

$420.00

Next expiry May 22, 2026

Expected Move

±$12.50

2.8% from close

Price Gap

-29.59

Distance to max pain

IV Rank

Middle-high premium

P/C OI

1.08

Balanced positioning

Consensus

7.0/10

Bullish tilt

Published snapshot: May 21, 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

May 21, 2026 close

AMD Flow Report

Analysis based on market close April 6, 2026

Directional Theta Gang Flow Earnings Consensus

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

You are viewing an older report from April 6, 2026. A newer flow report is available for May 21, 2026.

View latest report

Flow Verdict

Confidence:

7.5 / 10

base 5; +2 GEX/flow strongly aligned; +1 GEX positive (pinning); -0.5 spot 4.8% from MP

Watch next session: $225C OI buildup (30,046 volume); Put flow at $220 (16,594 volume)

Flow Summary

Net premium: +$39.9M bullish

P/C volume ratio: 0.77 — call-dominant

P/C OI ratio: 1.08 — slight put lean

Strong bullish premium flow ($39.9M net) with call-dominant volume, but OI shows put-heavy positioning, suggesting hedging against upside moves. The regime is bullish with pinning gamma.

Notable Prints

AMD 4/10 $225 Call

Vol: 30,046

OI: 7,692

Vol/OI: 3.9x

IV: 56.1%

Notional: ~$9.6M (using mid $3.15)

Intent: Fresh directional call buying

Dual read: Bought (bullish) or sold/overwritten (neutral)

Read-through: Largest single-strike volume, aligns with bullish flow and $225 GEX pin magnet

AMD 4/10 $220 Put

Vol: 16,594

OI: 566

Vol/OI: 29.3x

IV: 56.7%

Notional: ~$8.4M (using last $5.06)

Intent: Short-term hedge or speculative put selling

Dual read: Sold (bullish) or bought (bearish)

Read-through: High volume vs OI near spot, likely hedging against a pullback or selling puts for premium

AMD 4/10 $225 Put

Vol: 6,390

OI: 201

Vol/OI: 31.8x

IV: 55.8%

Notional: ~$4.9M (using last $7.75)

Intent: Hedge or speculative put selling

Dual read: Sold (bullish) or bought (bearish)

Read-through: ITM put with high volume, could be protective or part of a spread

AMD 4/10 $240 Call

Vol: 12,018

OI: 2,463

Vol/OI: 4.9x

IV: 54.2%

Notional: ~$4.4M (using mid $0.365)

Intent: Directional call buying

Dual read: Bought (bullish) or sold/overwritten (neutral)

Read-through: OTM call with solid volume, targeting upside beyond near-term range

AMD 4/10 $230 Call

Vol: 30,922

OI: 6,871

Vol/OI: 4.5x

IV: 54.8%

Notional: ~$5.1M (using mid $1.66)

Intent: Directional call buying

Dual read: Bought (bullish) or sold/overwritten (neutral)

Read-through: High volume aligns with $230 GEX pin magnet and bullish premium flow

Institutional Positioning

Call additions: $225-$250 calls, 4/10-4/17 expirations

Put additions: Protective $200-$220 puts, large OI at $200 (21,310)

GEX/DEX consistency: Yes — positive GEX ($57.8M) + bullish flow aligned

OI clusters: $200 put wall (21,310 OI), $220 call cluster (19,844 OI), $240 call wall (16,892 OI)

Hedging evidence: Large put OI at $200 and $190 suggests institutional hedging against downside

Max pain context: MP at $210, spot above at $220.18, drifting toward pin

Signal vs Noise

~$20.00 call net premium ($8.8M) is likely a data error or extreme OTM noise — ignore

~$470/$450 put net premium (~$-4M each) are extreme OTM and likely hedging or structured trades, not directional

~High volume in near-term puts (e.g., $220, $225) may be part of spreads or hedging, not pure bearish bets

Key Conclusions

🐂Net premium strongly bullish ($39.9M) with call-dominant volume

📌Gamma pinning regime with positive GEX ($57.8M) supports stability near $220-$225

🛡️Large put OI at $200 (21,310) indicates institutional hedging, creating a floor

How to Use These Reports

This flow reflects the market close on April 6, 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.