AMD Flow Report

Analysis based on market close April 6, 2026

Directional Theta Gang Flow Earnings Consensus

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

Read the Flow analysis for AMD for 2026-04-06. This AI-generated report covers regime classification, key price levels, strategy recommendations, and actionable trade ideas drawn from end-of-day options data including gamma exposure, delta exposure, and implied volatility.