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AMD

Advanced Micro Devices, Inc.Close $449.59EOD only

Max Pain

$420.00

Next expiry May 22, 2026

Expected Move

±$12.50

2.8% from close

Price Gap

-29.59

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 21, 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 21, 2026 close

AMD Flow Report

Analysis based on market close May 21, 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 7.0% from MP; +1 VIX 17

Watch next session: Monitor put/call volume ratio and price action near $450

Flow Summary

Net premium: +$335.9M bullish

P/C volume ratio: 0.83

P/C OI ratio: 1.08

Positive gamma (+$77.9M) and net call premium ($335.9M) dominate, with unusual call activity at $442.5 and $452.5. Put volume elevated on low strikes (245P) suggests hedging. VIX 16.8, spot above MP. Bias bullish but flow mixed.

Notable Prints

AMD 2026-05-29 $245.00 Put

Vol: 5,000

OI: 242

Vol/OI: 20.7x

IV: 128.9%

Notional: ~$25K

Intent: Hedge

Read-through: Bearish

AMD 2026-05-29 $372.50 Put

Vol: 1,780

OI: 105

Vol/OI: 16.9x

IV: 72.9%

Notional: ~$155K

Intent: Hedge

Read-through: Bearish

AMD 2026-05-29 $467.50 Call

Vol: 2,217

OI: 194

Vol/OI: 11.4x

IV: 60.9%

Notional: ~$2.1M

Intent: Bullish

Read-through: Bullish

AMD 2026-05-22 $442.50 Call

Vol: 5,733

OI: 630

Vol/OI: 9.1x

IV: 52.2%

Notional: ~$6.2M

Intent: DayTrade

Read-through: ShortBull

AMD 2026-09-18 $910.00 Call

Vol: 962

OI: 118

Vol/OI: 8.2x

IV: 73.8%

Notional: ~$521K

Intent: Spec

Read-through: LongBull

Institutional Positioning

Call additions: High-strike call buying at 467.5, 442.5, 452.5, 720, 910 for upside speculation.

Put additions: Low-strike put buying at 245, 372.5, 435, 437.5 for downside hedging.

GEX/DEX consistency: Positive gamma (+$77.9M) and delta (+97.4M shares) aligned, pinning likely.

OI clusters: Large OI at 435P and 442.5C weekly expiries.

Hedging evidence: Deep OTM put buying at 245 and 372.5 suggests tail hedging.

Max pain context: Spot above MP; gamma pinning expected near current levels (~450).

Signal vs Noise

~High vol/oi ratio at 245P (20.7x) and 372.5P (16.9x) is real hedging signal.

~Net premium positive $336M confirms institutional inflow.

~Weekly vs monthly flow mixed; focus on high conviction prints.

Key Conclusions

🛡️Aggressive put buying at deep OTM strikes 245P and 372.5P signals strong hedging demand.

📈Large call accumulation at 467.5C, 910C suggests long-dated upside bets from institutions.

📌Positive GEX and high DEX imply pinning near current levels; spot likely range-bound.

How to Use These Reports

This flow reflects the market close on May 21, 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.