Home Options AMDReports

AMD

Advanced Micro Devices, Inc.Close $447.58EOD only

Max Pain

$415.00

Next expiry May 22, 2026

Expected Move

±$24.20

5.4% from close

Price Gap

-32.58

Distance to max pain

IV Rank

Middle-high premium

P/C OI

1.08

Balanced positioning

Consensus

7.0/10

Bullish tilt

Published snapshot: May 20, 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 20, 2026 close

AMD Flow Report

Analysis based on market close May 20, 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 7.9% from MP; +1 VIX 17

Watch next session: Monitor $445 call/Put OI change; Watch for put buildup below $400

Flow Summary

Net premium: +$482.4M bullish

P/C volume ratio: 0.63

P/C OI ratio: 1.08

AMD sees strong bullish flow with $482M net premium and 0.63 P/C volume ratio, supported by positive GEX and pinning gamma. Unusual call prints at $445 and $487.5 suggest upside conviction, while put activity at $392.5 hedges downside. Dominant bias bullish as long as spot holds above $445.

Notable Prints

AMD 2026-05-29 $392.50 Put

Vol: 2,253

OI: 149

Vol/OI: 15.1x

IV: 71.9%

Notional: ~$856K

Intent: Bearish hedge

Read-through: Downside protection

AMD 2026-05-29 $505.00 Call

Vol: 1,412

OI: 126

Vol/OI: 11.2x

IV: 68.4%

Notional: ~$607K

Intent: Bullish speculation

Read-through: Upside bet

AMD 2026-05-22 $487.50 Call

Vol: 1,861

OI: 169

Vol/OI: 11.0x

IV: 77.2%

Notional: ~$328K

Intent: Bullish speculation

Read-through: Near-term call

AMD 2026-05-22 $850.00 Call

Vol: 1,000

OI: 122

Vol/OI: 8.2x

IV: 196.9%

Notional: ~$1K

Intent: Lottery call

Dual read: Premium collection

Read-through: Speculative

AMD 2026-05-22 $445.00 Put

Vol: 5,192

OI: 643

Vol/OI: 8.1x

IV: 74.2%

Notional: ~$5.5M

Intent: Bearish hedge

Read-through: ATM put volume

Institutional Positioning

Call additions: Call OI growing at 445, 482.5, 487.5; large volume in 5/22 and 5/29.

Put additions: Put additions at 392.5 and 445, likely hedging.

GEX/DEX consistency: GEX +$66.9M, DEX +97.4M shares, both bullish and aligned with flow.

OI clusters: Large OI at 445 strike (both calls and puts), and 392.5 put.

Hedging evidence: 392.5 put volume 15x OI suggests downside protection; also 445 puts.

Max pain context: Spot ~7.9% above max pain, bullish pinning expected.

Signal vs Noise

~Signal: Large call buying at 482.5 and 487.5 with high vol/OI ratios.

~Signal: Positive GEX and DEX alignment supporting bullish flow.

~Noise: 850 call with IV 196% and minimal OI is speculative.

~Noise: 445 put/call activity may reflect hedging, not directional.

Key Conclusions

📈Bullish flow: net premium $482M, call volume ratio 0.63, GEX positive.

⚠️Spot above MP by 7.9%; hedging via 392.5 puts introduces pinning risk.

How to Use These Reports

This flow reflects the market close on May 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.