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AMD

Advanced Micro Devices, Inc.Close $278.26EOD only

Max Pain

$230.00

Next expiry Apr 17, 2026

Expected Move

±$7.05

2.5% from close

Price Gap

-48.26

Distance to max pain

IV Rank

100

High premium

P/C OI

1.11

Slightly put-heavy

Consensus

6.0/10

Bullish tilt

Published snapshot: Apr 16, 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

Apr 16, 2026 close

AMD Flow Report

Analysis based on market close April 17, 2026

Directional Theta Gang Flow Earnings Consensus

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

Flow Verdict

Confidence:

8 / 10

base 5; +2 GEX/flow strongly aligned; +1 GEX positive (pinning); -1 spot 19.7% from MP; +1 VIX 17

Watch next session: Monitor delta-weighted flows around 280–325 strikes; Watch IV and volume in large put clusters

Flow Summary

Net premium: +$540.8M bullish

P/C volume ratio: 0.51

P/C OI ratio: 1.14

Bullish pinning: dealer gamma and large call flow support higher/tighter trading range, but distant spot and concentrated puts create downside risk if flow weakens.

Notable Prints

AMD 2026-05-29 $290.00 Call

Vol: 2,238

OI: 136

Vol/OI: 16.5x

IV: 56.1%

Notional: ~$3.6M

Intent: bull-buy

Dual read: spread/hedge

Read-through: bullish LT

AMD 2026-05-01 $325.00 Call

Vol: 4,377

OI: 281

Vol/OI: 15.6x

IV: 53.4%

Notional: ~$521K

Intent: bull-spec

Dual read: lottery/sell-write

Read-through: near-term upside

AMD 2026-04-17 $280.00 Call

Vol: 95,729

OI: 8,746

Vol/OI: 10.9x

IV: 5.9%

Notional: ~$96K

Intent: pinning/sell

Dual read: exercise/close

Read-through: gamma pin

AMD 2026-04-24 $280.00 Put

Vol: 2,993

OI: 337

Vol/OI: 8.9x

IV: 47.7%

Notional: ~$2.6M

Intent: protective

Dual read: short-put

Read-through: downside hedging

AMD 2026-11-20 $240.00 Put

Vol: 1,004

OI: 142

Vol/OI: 7.1x

IV: 54.9%

Notional: ~$2.7M

Intent: long-protect

Dual read: sell-credit

Read-through: long-dated downside

Institutional Positioning

Call additions: Concentrated short‑dated call buys around 280–325 strikes (notable May 1 and May 29 prints) suggesting demand for upside exposure.

Put additions: Material put interest 265–280 into Apr/May and long‑dated 240/Nov puts; aggregate put OI skewed below spot indicating downside hedging.

GEX/DEX consistency: GEX +$90M and DEX +89.6M shares are consistent with net dealer gamma that can support drift in current range, but do not prove deterministic pinning.

OI clusters: Largest OI cluster in puts well below spot; call OI pockets at 280 and 325 concentrate short‑term exposure.

Hedging evidence: Signs of protective puts and collars via put-heavy OI; isolated low‑IV short‑call prints exist but appear low‑liquidity and noisy, so call‑selling inference is tentative.

Max pain context: Spot sits above calculated max pain ~19.7%; flow and GEX/DEX increase probability of range‑support near current levels but not certain pinning.

Signal vs Noise

~Signal: Large short‑dated put and call sweeps at 280–325 that amplify dealer gamma in the near term.

~Signal: GEX/DEX alignment supports institutional hedging bias toward upside protection.

~Noise: Isolated tiny‑IV deep‑OTM call prints and low‑liquidity trades that should be treated as noise rather than structural call‑selling.

Key Conclusions

📌Flows plus GEX/DEX make near‑term range‑support (probable pinning) more likely, but not guaranteed given spot > max pain.

⚠️Large put OI and long‑dated puts show asymmetric downside hedging risk if volatility reprices; low‑liquidity call prints are uncertain.

Read the Flow analysis for AMD for 2026-04-17. Each report is a market-close snapshot with regime read, key levels, and strategy context that translates options positioning into an actionable setup.