thetaOwl

AMD

Advanced Micro Devices, Inc.Close $414.05EOD only
Max Pain
$415.00
Next expiry May 22, 2026
Expected Move
±$24.90
6.0% from close
Price Gap
+0.95
Distance to max pain
IV Rank
46
Middle-high premium
P/C OI
1.08
Balanced positioning
Consensus
7.0/10
Bullish tilt
Published snapshot: May 19, 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 19, 2026 close
AMD Flow Report
Analysis based on market close May 19, 2026

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

Flow Verdict

BiasBullish
Confirmation: Spot holds above $405 MP and gamma.
Invalidation: Break below $400 put wall or gamma loss.
Confidence:
9 / 10
base 5; +2 GEX/flow strongly aligned; +1 GEX positive (pinning); +1 spot 0.2% from MP; +0.5 VIX 18

Watch next session: $405 max pain; $415 resistance

Flow Summary

Net premium: +$307.4M bullish

P/C volume ratio: 0.76

P/C OI ratio: 1.08

Aggressive call buying and positive gamma pin spot near $405. Unusual call prints dominate. Bullish bias while support holds.

Notable Prints

#1
AMD 2026-05-22 $407.50 Call
Vol: 2,229
OI: 133
Vol/OI: 16.8x
IV: 74.2%
Notional: ~$3.6M
Intent: Bullish call buying

Read-through: Expects AMD above 407.5 by May 22

#2
AMD 2026-05-22 $405.00 Call
Vol: 3,604
OI: 283
Vol/OI: 12.7x
IV: 75.3%
Notional: ~$6.3M
Intent: Bullish call buying

Read-through: Expects AMD above 405 by May 22

#3
AMD 2026-05-29 $405.00 Call
Vol: 3,383
OI: 287
Vol/OI: 11.8x
IV: 69.9%
Notional: ~$8.1M
Intent: Bullish call buying

Read-through: Expects AMD above 405 by May 29

#4
AMD 2026-05-29 $410.00 Call
Vol: 4,407
OI: 463
Vol/OI: 9.5x
IV: 67.9%
Notional: ~$9.5M
Intent: Unclear flow intent

Read-through: Needs contextual interpretation.

#5
AMD 2026-05-22 $410.00 Call
Vol: 6,008
OI: 644
Vol/OI: 9.3x
IV: 74.5%
Notional: ~$8.7M
Intent: Unclear flow intent

Read-through: Needs contextual interpretation.

Institutional Positioning

Call additions: Heavy call buying at 405-425 strikes for 5/22 and 5/29 expirations

Put additions: Negligible put activity

GEX/DEX consistency: Consistent: GEX positive and DEX bullish align with bullish flow

OI clusters: Largest OI at 415, 410, 405 strikes for weekly expiry

Hedging evidence: No significant hedging detected

Max pain context: Spot near max pain, pinning expected

Signal vs Noise

~Heavy call buying with high vol/oi ratios is real signal; scattered small lots are noise
~No put accumulation indicates no bearish hedging
~GEX/DEX alignment confirms institutional bullish positioning

Key Conclusions

📊Institutions aggressively adding calls at 405-425 strikes, bullish into OPEX
⚠️No put protection but flow consistent with pinning, watch for gamma squeeze
How to Use These Reports
This flow reflects the market close on May 19, 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.