thetaOwl
HomeOptionsAMDReports

AMD

Advanced Micro Devices, Inc.Close $516.10EOD only
Max Pain
$460.00
Next expiry Jun 5, 2026
Expected Move
±$41.42
8.0% from close
Price Gap
-56.10
Distance to max pain
IV Rank
89
High premium
P/C OI
1.10
Slightly put-heavy
Consensus
6.5/10
Bullish tilt
Published snapshot: May 29, 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 29, 2026 close
AMD AI Consensus Report
Analysis based on market close April 13, 2026
DirectionalTheta GangFlowEarningsConsensus

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

You are viewing an older report from April 13, 2026. A newer ai consensus report is available for May 26, 2026.

View latest report
Conviction
6.5

out of 10

6.5 because positioning (GEX + concentrated premium) and observable flow line up to support a near-term pin and make short-premium trades favorable, but elevated IV, the close proximity of earnings, and the >12% gap above max-pain keep tail risk material — enough alignment for tactical trades but not a high-confidence directional allocation.

Where Perspectives Agree

Market structure and positioning create a short-premium-friendly pin centered around $240–$250 — dealer gamma and concentrated call premium act as a magnet that supports the market inside that band while offering defined-risk premium-selling opportunities.

Where They Diverge

Flow and directional agree on pinning but earnings/IV term structure introduce a binary event risk that can reverse the pin quickly; additionally, the spot being materially above max-pain produces a structural downside pressure that contradicts any high-conviction sustained rally thesis.

Top Trade
via theta

Sell 2026-04-17 245/240 put spread (defined-risk) for a credit — tactical weekly theta play into the pin.

Key Risk

A fast break and close below $240 — driven by a volatility spike around the upcoming earnings or a broad market sell-off — would flip dealer gamma exposure, remove the pin, and accelerate downside toward the $220 structural level (and potentially $200) while blowing out short-premium losses.

How to Use These Reports
This ai consensus reflects the market close on April 13, 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.