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AMD

Advanced Micro Devices, Inc.Close $551.63EOD only

Max Pain

$505.00

Next expiry Jun 26, 2026

Expected Move

±$39.88

7.2% from close

Price Gap

-46.63

Distance to max pain

IV Rank

Low premium

P/C OI

1.15

Slightly put-heavy

Consensus

5.0/10

Range bias

Published snapshot: Jun 22, 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 22, 2026 close

AMD Flow Report

Analysis based on market close June 23, 2026

Directional Theta Gang Flow Earnings Consensus

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

Flow Verdict

Confidence:

9 / 10

base 5; +2 GEX/flow strongly aligned; +1 GEX positive (pinning); +0.5 spot 1.9% from MP; +0.5 VIX 19

Watch next session: 510; 520

Flow Summary

Net premium: +$173.1M bullish

P/C volume ratio: 0.95

P/C OI ratio: 1.17

AMD sees strong bullish flow with $173M net call premium and massive unusual call buying at 515-525 strikes. Positive gamma of +$21M and DEX +79.5M shares indicate market maker support despite a -3.3% QQQ drop. Spot held above the put wall, suggesting pinning near 510-520.

Notable Prints

AMD 2026-06-26 $522.50 Call

Vol: 2,057

OI: 191

Vol/OI: 10.8x

IV: 78.4%

Notional: ~$3.2M

Intent: Bullish speculation

Dual read: Short squeeze

Read-through: Aggressive call buying; expects rally

AMD 2026-07-02 $497.50 Put

Vol: 728

OI: 110

Vol/OI: 6.6x

IV: 76.0%

Notional: ~$1.2M

Intent: Bearish hedge

Read-through: Put buying below spot; hedges downside

AMD 2026-06-26 $515.00 Call

Vol: 6,037

OI: 971

Vol/OI: 6.2x

IV: 78.9%

Notional: ~$11.7M

Intent: Bullish

Dual read: Covering

Read-through: Large call volume; bullish bet

AMD 2026-06-26 $510.00 Put

Vol: 5,810

OI: 1,248

Vol/OI: 4.7x

IV: 78.1%

Notional: ~$6.9M

Intent: Bearish

Dual read: Part of spread

Read-through: Put buying near support

AMD 2026-06-26 $520.00 Call

Vol: 5,754

OI: 1,437

Vol/OI: 4.0x

IV: 78.3%

Notional: ~$9.6M

Intent: Unclear flow intent

Read-through: Needs contextual interpretation.

Institutional Positioning

Call additions: Heavy call buying at OTM strikes 512.5-525 on vol/oi ratios 3.8-10.8x, indicating bullish bets.

Put additions: Notable put activity at 497.5, 510, 515, 520, with vol/oi 3.1-6.6x, suggesting downside hedging.

GEX/DEX consistency: GEX +$21M and DEX +79.5M shares align with net premium inflow; gamma pinning regime supports.

OI clusters: Largest OI at 520 put (1,816) and 520 call (1,437); heavy concentration around 510-520.

Hedging evidence: Put additions at 497.5 and 510 serve as downside collars against long call positions.

Max pain context: Spot ~1.9% below MP; pinning expected near 515-520 as max pain.

Signal vs Noise

~Unusual call volume at 522.5C (vol/oi 10.8x) is real signal of institutional bullish positioning.

~Put/call OI ratio above 1 is mostly noise from existing open interest; flow is call-heavy.

~High VIX (19.5) adds noise; options are expensive but demand is real.

Key Conclusions

📈Call additions outpace puts despite negative market; bullish sentiment intact.

⚠️High volatility and put hedging suggest caution; gamma pin may limit upside near term.

How to Use These Reports

This flow reflects the market close on June 23, 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.