thetaOwl

AMD

Advanced Micro Devices, Inc.Close $537.37EOD only
Max Pain
$500.00
Next expiry Jun 26, 2026
Expected Move
±$44.00
8.2% from close
Price Gap
-37.37
Distance to max pain
IV Rank
100
High premium
P/C OI
1.14
Slightly put-heavy
Consensus
7.0/10
Bullish tilt
Published snapshot: Jun 18, 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 18, 2026 close
AMD Flow Report
Analysis based on market close June 22, 2026

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

Flow Verdict

BiasBearish
Confirmation: Increased put volume or break below 390
Invalidation: Spot holds above 390 or strong call flow
Confidence:
8 / 10
base 5; +2 GEX/flow strongly aligned; +1 GEX positive (pinning); -1 spot 9.2% from MP; +1 VIX 17

Watch next session: Follow put volume trend; Monitor gamma flip level

Flow Summary

Net premium: +$341.3M bullish

P/C volume ratio: 1.09

P/C OI ratio: 1.15

Heavy put activity dominates with high vol/oi ratios, signaling bearish sentiment. Positive gamma and delta provide underlying support. Market context slightly negative. Bearish bias with key support at gamma flip 390.

Notable Prints

#1
AMD 2026-06-26 $550.00 Put
Vol: 7,519
OI: 269
Vol/OI: 27.9x
IV: 76.9%
Notional: ~$14.2M
Intent: Bearish speculation
Dual read: Hedging long stock

Read-through: Aggressive put buying near OTM; pinning may cap downside

#2
AMD 2026-06-26 $532.50 Put
Vol: 4,799
OI: 220
Vol/OI: 21.8x
IV: 78.2%
Notional: ~$5.6M
Intent: Unclear flow intent

Read-through: Needs contextual interpretation.

#3
AMD 2026-06-26 $545.00 Put
Vol: 1,741
OI: 132
Vol/OI: 13.2x
IV: 77.1%
Notional: ~$2.9M
Intent: Unclear flow intent

Read-through: Needs contextual interpretation.

#4
AMD 2026-06-26 $540.00 Put
Vol: 6,883
OI: 587
Vol/OI: 11.7x
IV: 77.5%
Notional: ~$10.0M
Intent: Unclear flow intent

Read-through: Needs contextual interpretation.

#5
AMD 2026-06-26 $525.00 Put
Vol: 5,152
OI: 511
Vol/OI: 10.1x
IV: 79.1%
Notional: ~$4.8M
Intent: Unclear flow intent

Read-through: Needs contextual interpretation.

Institutional Positioning

Call additions: Minimal; small 545C (5.3x) and 630C (5.8x) but low volume.

Put additions: Heavy near-term puts: 550P (27.9x), 532.5P (21.8x), 540P (11.7x), 525P (10.1x); also Sep 540P.

GEX/DEX consistency: GEX +$42.6M positive pinning; DEX +79.8M shares bullish; flow mixed but put-heavy consistent with hedging.

OI clusters: Largest OI: 6/26 545C (880), 6/26 540P (587), 6/26 525P (511).

Hedging evidence: Aggressive put buying on 6/26 and Sep suggests tail risk hedging or bearish conviction.

Max pain context: Spot above MP (~$540?); GEX flip at 390; high vol suggests wide range, pinning likely near 540.

Signal vs Noise

~Heavy put volume on 550P (27.9x OI) – signal
~Put buying on 532.5P (21.8x), 540P (11.7x) – signal
~GEX positive $42.6M and pinning regime – signal
~DEX positive +79.8M shares – signal
~Net premium $341M – signal
~Minor call activity on 630C – noise

Key Conclusions

⚠️Institutions loading puts near the money; high put/call ratios indicate hedging or bearish tilt.
📊GEX pinning and DEX positive suggest market maker support near current levels despite put flow.
🔮Elevated VIX (17.3) and high put volume signal caution but not panic; watch 540 support.
How to Use These Reports
This flow reflects the market close on June 22, 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.