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AMD

Advanced Micro Devices, Inc.Close $523.20EOD only

Max Pain

$500.00

Next expiry Jun 5, 2026

Expected Move

±$16.12

3.1% from close

Price Gap

-23.20

Distance to max pain

IV Rank

High premium

P/C OI

1.10

Balanced positioning

Consensus

6.5/10

Bullish tilt

Published snapshot: Jun 4, 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

Jun 4, 2026 close

AMD Flow Report

Analysis based on market close June 4, 2026

Directional Theta Gang Flow Earnings Consensus

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

Flow Verdict

Confidence:

8.5 / 10

base 5; +2 GEX/flow strongly aligned; +1 GEX positive (pinning); -0.5 spot 4.6% from MP; +1 VIX 15

Watch next session: 525; 500

Flow Summary

Net premium: +$437.3M bullish

P/C volume ratio: 0.62

P/C OI ratio: 1.10

Bullish flow with $437M net premium and low put/call volume ratio 0.62. Gamma pinning near 500. Unusual prints show bullish call accumulation at 535 and 597.5, and protective puts at 285. Spot above max pain, supported by strong dealer gamma.

Notable Prints

AMD 2026-06-12 $285.00 Put

Vol: 3,576

OI: 162

Vol/OI: 22.1x

IV: 137.5%

Notional: ~$36K

Intent: Speculative put buy for downside hedge

Dual read: Possible short put closing

Read-through: Extreme vol/oi indicates new bearish bet or tail hedge.

AMD 2026-06-12 $597.50 Call

Vol: 1,296

OI: 148

Vol/OI: 8.8x

IV: 71.7%

Notional: ~$474K

Intent: Bullish call speculation on earnings

Dual read: Short covering

Read-through: High IV OTM call buying suggests upside momentum bet.

AMD 2026-06-05 $522.50 Put

Vol: 1,893

OI: 229

Vol/OI: 8.3x

IV: 52.1%

Notional: ~$1.4M

Intent: Unclear flow intent

Read-through: Needs contextual interpretation.

AMD 2026-06-12 $535.00 Call

Vol: 1,705

OI: 206

Vol/OI: 8.3x

IV: 67.9%

Notional: ~$2.9M

Intent: Unclear flow intent

Read-through: Needs contextual interpretation.

AMD 2026-06-18 $510.00 Put

Vol: 1,962

OI: 278

Vol/OI: 7.1x

IV: 66.1%

Notional: ~$4.1M

Intent: Unclear flow intent

Read-through: Needs contextual interpretation.

Institutional Positioning

Call additions: Concentrated at 525-597.5 strikes for 6/12 exp, indicating bullish directional bets or upside spreads.

Put additions: Tail hedges at 285 (6/12) and put sales near 522.5-525 (6/5) for hedging with downside protection.

GEX/DEX consistency: Positive GEX ($72.1M) and DEX (+100.5M shares) align with bullish flow.

OI clusters: Largest OI: put wall at 500 (gamma flip) with 10,132 OI; call OI buildup at 525 and 535.

Hedging evidence: Unusual put activity at 285 (vol/OI 22:1) signals tail hedging; near-term puts at 522.5-525 suggest collar-like positioning.

Max pain context: Spot above MP; gamma pinning near $500 flip level supports bullish bias with call accumulation.

Signal vs Noise

~Signal: Consistent positive GEX and DEX with bullish flow regime.

~Signal: Unusual call sweeps at 535 and 597.5 indicate institutional upside conviction.

~Noise: Isolated 285 put sweep likely a tail hedge, not directional bearish.

~Signal: Low put/call volume ratio (0.62) confirms call demand.

~Noise: Put OI ratio above 1 may reflect hedging rather than bearish sentiment.

Key Conclusions

📈Institutions adding upside exposure via call spreads at 525-597.5 for 6/12, with positive GEX/DEX supporting continued pinning near $500.

🛡️Tail hedge at 285 put suggests caution on downside, but concentrated put OI at 500 acts as support.

How to Use These Reports

This flow reflects the market close on June 4, 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.