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AMD

Advanced Micro Devices, Inc.Close $448.29EOD only

Max Pain

$320.00

Next expiry May 15, 2026

Expected Move

±$26.32

5.9% from close

Price Gap

-128.29

Distance to max pain

IV Rank

High premium

P/C OI

1.06

Balanced positioning

Consensus

6.0/10

Bullish tilt

Published snapshot: May 12, 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 12, 2026 close

AMD Flow Report

Analysis based on market close May 13, 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 35.0% from MP; +1 VIX 18

Watch next session: 490 strike activity; 500 strike for resistance

Flow Summary

Net premium: +$488.5M bullish

P/C volume ratio: 0.63

P/C OI ratio: 1.06

Bullish flow with heavy call accumulation in weekly expiries, net premium +$488M. High vol and gamma pinning support spot. Unusual call volume at 490-495 suggests bullish momentum. Invalidation if spot breaks below $440.

Notable Prints

AMD 2026-05-22 $397.50 Put

Vol: 2,214

OI: 159

Vol/OI: 13.9x

IV: 73.9%

Notional: ~$1.1M

Intent: Bearish speculation

Read-through: Drop below 397.5

AMD 2026-06-18 $470.00 Put

Vol: 2,248

OI: 234

Vol/OI: 9.6x

IV: 66.3%

Notional: ~$11.7M

Intent: Bearish hedge

Read-through: Drop below 470

AMD 2026-05-15 $492.50 Call

Vol: 3,921

OI: 711

Vol/OI: 5.5x

IV: 76.6%

Notional: ~$431K

Intent: Bullish speculation

Read-through: Rise above 492.5

AMD 2026-05-15 $490.00 Call

Vol: 8,820

OI: 1,669

Vol/OI: 5.3x

IV: 76.1%

Notional: ~$1.1M

Intent: Bullish speculation

Read-through: Rise above 490

AMD 2026-05-22 $495.00 Call

Vol: 1,226

OI: 242

Vol/OI: 5.1x

IV: 74.3%

Notional: ~$853K

Intent: Bullish speculation

Read-through: Rise above 495

Institutional Positioning

Call additions: Aggressive short-dated call buying across 447.5-497.5, vol/oi up to 5.5.

Put additions: Two large put buys at 397.5 (May22) and 470 (Jun18) with vol/oi >9, hedging downside.

GEX/DEX consistency: Positive GEX (+68.2M) and DEX (+111.3M) align with bullish flow; pinning gamma active.

OI clusters: Largest OI: 440P (1779), 490C (1669), 447.5C (1234) likely support/resistance.

Hedging evidence: Deep OTM and ATM puts suggest collar hedging; net premium $488M bullish.

Max pain context: Spot above MP (~$450); pinning gamma supports upside bias.

Signal vs Noise

~Call volume surge in weekly expiries is real bullish signal.

~High VIX may add noise but flow consistency mitigates.

Key Conclusions

🚀Call buying dominates near-term expiries, signaling bullish conviction.

⚠️Large put buys suggest hedging for tail risks despite bullish flow.

📈Positive gamma and delta support momentum; pinning likely.

How to Use These Reports

This flow reflects the market close on May 13, 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.