Home Options AMDReports

AMD

Advanced Micro Devices, Inc.Close $516.10EOD only

Max Pain

$460.00

Next expiry Jun 5, 2026

Expected Move

±$41.42

8.0% from close

Price Gap

-56.10

Distance to max pain

IV Rank

High premium

P/C OI

1.10

Slightly put-heavy

Consensus

6.5/10

Bullish tilt

Published snapshot: May 29, 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 29, 2026 close

AMD Flow Report

Analysis based on market close April 14, 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 14, 2026. A newer flow report is available for May 26, 2026.

View latest report

Flow Verdict

Confidence:

8 / 10

base 7.5; +0.3 strong net premium $179.4M; +0.7 concentrated positive GEX $93.0M and DEX +81.2M shares; -0.2 spot 15.9% above MP; +0.0 VIX 18.36 supportive

Watch next session: $250 call OI/premium (continuation of the $38.2M premium concentration); Heavy put flow around $245-$255 (rolls or protective buys that would weaken bullish read)

Flow Summary

Net premium: +$179.4M bullish

P/C volume ratio: 0.77 — call-dominant, but not extreme

P/C OI ratio: 1.09 — modest put OI bias longer-term, but today's volume favors calls

Intra-day and near-term flow is decisively call‑buying concentrated at $250-$260 strikes, producing a large positive net premium and a meaningful positive dealer GEX ($93.0M). Put OI remains large at low strikes (notably $200 puts), but today's activity reads as fresh bullish directional buying and dealer pinning pressure in the $250-$260 zone.

Notable Prints

AMD 2026-04-17 $250 Call

Vol: 17,243

OI: 18,243

Vol/OI: 0.9x

IV: 50.1%

Notional: ~$38.2M premium (per Top Premium Flow list)

Intent: Fresh directional call accumulation / aggressive bullish exposure

Dual read: Could be buyers (bullish) or creative overlays/overwriting by sellers, but the scale of premium indicates net buying pressure

Read-through: Largest single premium pool — dealers facing call selling/gamma will buy stock into moves below strikes and sell into strength above, reinforcing a pin magnet near $250 and positive short-gamma dynamics.

AMD 2026-06-20 (approx) $260 Call (near-term activity reflected at 260 strikes)

Vol: 19,266

OI: 11,831

Vol/OI: 1.6x

IV: 48.3%

Notional: ~$21.0M premium (per Top Premium Flow list at $260)

Intent: Directional call buying (stretch upside), possibly layered by institutions adding upside convexity

Dual read: Aggressive bullish exposure or part of call spreads financed with sells elsewhere

Read-through: Reinforces tilt higher; combined with $250 call pool creates a short-dated call band that dealers will hedge into, increasing pinning around 250-260.

AMD 2026-04-17 $245 Put

Vol: 14,075

OI: 3,644

Vol/OI: 3.9x

IV: 50.2%

Notional: ~$1.68 last (per Unusual Activity row last=$1.68) -> ~$2.36M notional premium (14075 * $1.68 * 100 ≈ $2.36M)

Intent: Protective buying or roll into nearby puts (hedge against downside ahead of expected move/earnings)

Dual read: Could be client protective put buys or dealer selling into call flows to create collars

Read-through: Large put volume vs OI suggests active hedging at ~-4% from spot; if sustained, this could cap upside conviction or signal tactical protection rather than directional bearishness.

AMD 2026-04-17 $250 Put

Vol: 11,929

OI: 3,030

Vol/OI: 3.9x

IV: 49.3%

Notional: ~$2.96 last (per Unusual Activity row last=$2.96) -> ~$3.53M notional premium (11929 * $2.96 * 100 ≈ $3.53M)

Intent: Short-dated protective puts or part of spread/roll activity against call exposure

Dual read: Protective (clients buying downside) or dealer reshuffle/closing; high vol/oi ratio suggests fresh activity

Read-through: Near-the-money put flow concurrent with big call buying points to one of: (a) buy-side protecting long stock exposure; (b) structures (collars) being put on — watch for more put buying to determine persistence.

AMD 2026-05-01 $140 Put

Vol: 989

OI: 107

Vol/OI: 9.2x

IV: 96.1%

Notional: ~$0.04 last -> ~$3.96k (989 * $0.04 * 100 ≈ $3,956)

Intent: Lottery OTM put buy (speculative or cheap tail insurance)

Dual read: Small-size directional tail bet vs cheap hedge

Read-through: Tiny notional relative to other flows — noise; not significant to directional tilt but signals some tail protection/spec activity.

Institutional Positioning

Call additions: $250-$260 concentrated call additions (heavy premium at $250: $38,219,005 and $260: $21,006,010; also notable at $255 and $270). Institutions appear to be layering upside between $250-$270.

Put additions: Active near-term protective buying around $245-$255 (large volume in 4/17 $245 and $250 puts). Longer-dated/deep put OI concentrated at $200 (27,969 OI) indicating structural downside protection/floor placement.

GEX/DEX consistency: Yes — positive Total GEX $93.0M and DEX +81.2M shares align with bullish call-heavy flows and a pinning regime in the $250-$260 area.

OI clusters: $200 put wall largest (27,969 OI) — creates a structural floor well below spot; call OI clusters at $250 (18,243), $240 (16,900), $260 (11,831) — creating a near-term magnet in mid-$240s to low-$260s.

Hedging evidence: Yes — near‑term put purchases (4/17 $245/$250/$255) alongside large call accumulation point toward protective collars or buys of puts to hedge newly added call/stock exposure; not a wholesale shift to bearish positioning.

Max pain context: Max Pain remains around $220 across expirations while spot is $255.07 (above MP). Dealers are long gamma and short calls around current strikes which supports pinning behavior near $250-$260 rather than a pull toward $220 in the immediate term.

Signal vs Noise

~AMD260501P00140000 ($140 put) — very small notional and far OTM; likely speculative lottery or tiny tail hedge, not directional.

~Large $250 call OI vs volume (17,243 vol / 18,243 OI) — big premium pool is directional but could include structured flow (buy/write, spreads); interpret alongside put buys to avoid one-sided read.

~Clusters of near-term put buying (4/17 $245/$250) can be expiration hedging/rolls for existing positions rather than new bearish bets — check if followed by short-dated put OI increases.

~Some printed activity could be dealer inventory rebalancing given heavy GEX concentration at 250/255; appearance of high vol/oi in adjacent strikes can be market-maker hedging rather than fresh directional bets.

Key Conclusions

🐂Clear bullish flow: Net premium +$179.4M and positive GEX $93.0M concentrated at $250-$260 is driving a short‑term bullish bias.

📌Pinning risk around $250-$255: concentrated call premium and GEX make $250-$260 a near-term magnet; dealers will hedge into moves around these levels.

🛡️Active protective puts near $245-$255 indicate buy-side hedging / collars — watch whether put OI ramps (hedges) or fades (one-off protection).

📊Structural put floor at $200 (27,969 OI) remains large — long-term downside protection in place but not currently pressuring near-term upside.

👀Watch for confirmation: continuation of call premium at $250-$260 and price holding >$250. A flip to put-dominant premium or sustained selling into the call band would invalidate the bullish thesis.

How to Use These Reports

This flow reflects the market close on April 14, 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.