thetaOwl
HomeOptionsAMDReports

AMD

Advanced Micro Devices, Inc.Close $255.07EOD only
Max Pain
$220.00
Next expiry Apr 17, 2026
Expected Move
±$10.20
4.0% from close
Price Gap
-35.07
Distance to max pain
IV Rank
76
High premium
P/C OI
1.09
Balanced positioning
Consensus
6.5/10
Consensus signal
Published snapshot: Apr 14, 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
Apr 14, 2026 close
AMD AI Consensus Report
Analysis based on market close April 14, 2026
DirectionalTheta GangFlowEarningsConsensus

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

Conviction
6.5

out of 10

6.5 because multiple indicators align on a near-term pin and dealer short-gamma makes the move self-reinforcing, but conviction is capped by two asymmetric risks: (1) a deep max-pain level meaning a flip in flow could force mean-reversion, and (2) an upcoming earnings/IV term structure hump that can produce a binary re-pricing event — either can invalidate the pin quickly.

Where Perspectives Agree

Consensus leans toward a short-term bullish pin into the $250–$260 area with dealer short-gamma and call-skew reinforcing a magnet to that zone; positioning and flow favor contained upside and range compression through the front-month expiries.

Where They Diverge

Earnings/IV term structure and the max-pain cluster at ~$220 are the main structural contradictions: positioning and GEX push for a pin near $255, while the options payoff map (and a sizeable max-pain level well below spot) implies a material downside target if positioning shifts or volatility re-prices post-event — this directly undermines a persistent bullish continuation above $260. Additionally, front-week expiry dynamics create a path where pinning can give way to rapid, realized-vol-driven moves that neither pure theta nor directional plays fully hedge.

Top Trade
via theta

Sell 4/24 $245/$240 put spread for a credit (theta-focused defined-risk income trade).

Key Risk

Sustained close below $240 on heavy volume (trigger: multi-session close under $240) flips dealer gamma exposure, negates the $250–$260 pin and accelerates downside toward the $220 max-pain region within days.

Read the AI Analyst Consensus for AMD for 2026-04-14. This synthesis report combines directional, theta, flow, and earnings perspectives into one conviction view with setup, trigger, and invalidation context.