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AMD

Advanced Micro Devices, Inc.Close $278.39EOD only

Max Pain

$240.00

Next expiry Apr 24, 2026

Expected Move

±$15.60

5.6% from close

Price Gap

-38.39

Distance to max pain

IV Rank

100

High premium

P/C OI

1.14

Slightly put-heavy

Consensus

6.5/10

Bullish tilt

Published snapshot: Apr 17, 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 17, 2026 close

AMD Flow Report

Analysis based on market close April 20, 2026

Directional Theta Gang Flow Earnings Consensus

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

Flow Verdict

Confidence:

7.5 / 10

base 5; +2 GEX/flow strongly aligned; +1 GEX positive (pinning); -1 spot 10.0% from MP; +0.5 VIX 19

Watch next session: Price vs 287.5/280 support/resistance; GEX changes and gamma flip level; VIX moves and put volume/IV expansion

Flow Summary

Net premium: +$126.7M bullish

P/C volume ratio: 0.65

P/C OI ratio: 1.07

Pinning regime: bullish dealer gamma and large call prints support higher price near current levels, but concentrated short-dated puts keep downside risk if selling resumes.

Notable Prints

AMD 2026-04-24 $282.50 Put

Vol: 2,623

OI: 107

Vol/OI: 24.5x

IV: 50.9%

Notional: ~$2.9M

Intent: Unclear flow intent

Read-through: Needs contextual interpretation.

AMD 2026-04-24 $285.00 Put

Vol: 2,003

OI: 120

Vol/OI: 16.7x

IV: 50.4%

Notional: ~$2.6M

Intent: Unclear flow intent

Read-through: Needs contextual interpretation.

AMD 2026-05-08 $335.00 Call

Vol: 2,140

OI: 142

Vol/OI: 15.1x

IV: 64.2%

Notional: ~$379K

Intent: Unclear flow intent

Read-through: Needs contextual interpretation.

AMD 2026-05-01 $335.00 Call

Vol: 1,451

OI: 126

Vol/OI: 11.5x

IV: 58.3%

Notional: ~$54K

Intent: Unclear flow intent

Read-through: Needs contextual interpretation.

AMD 2026-04-24 $275.00 Put

Vol: 14,619

OI: 1,846

Vol/OI: 7.9x

IV: 51.4%

Notional: ~$9.8M

Intent: Unclear flow intent

Read-through: Needs contextual interpretation.

Institutional Positioning

Call additions: Notable call buys near 277.5/287.5 (short-dated) and 335/400 (longer-dated), suggesting directional buy-side interest but could include spread/vol trades.

Put additions: Concentrated short-dated puts 275–285 (largest OI at 275), consistent with protective hedges or sold-put flow; both plausible.

GEX/DEX consistency: Positive GEX (+$64.4M) and DEX (+78.7M shares) align with short-dated pinning/bullish flow as a probability, not a certainty.

OI clusters: Largest OI pockets: puts 275–285 and calls clustered at 277.5/287.5 and 400; size concentrated in near expiries.

Hedging evidence: Elevated put OI and IV point toward hedging/collar activity as a plausible explanation, though speculative positioning can't be ruled out.

Max pain context: Spot > theoretical max pain; short-dated gamma makes drift toward 280–290 more likely into expiry, but outcome is probabilistic and short-horizon.

Signal vs Noise

~Signal: concentrated short-dated put OI at 275–285 indicates structured hedge or sold-put support.

~Signal: GEX/DEX alignment increases chance of short-dated pinning rather than proving it.

~Noise: isolated high-IV distant calls (350+) and low-size prints look like one-offs and add uncertainty.

Key Conclusions

📌Short-dated pinning to ~280–285 is a higher-probability scenario given flow, but remains uncertain and short-horizon.

⚠️Large near-term put concentrations and elevated IV raise tail-risk if spot falls toward strikes; distant high-IV calls appear noisy.

How to Use These Reports

This flow reflects the market close on April 20, 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.