thetaOwl

AMD

Advanced Micro Devices, Inc.Close $447.58EOD only
Max Pain
$415.00
Next expiry May 22, 2026
Expected Move
±$24.20
5.4% from close
Price Gap
-32.58
Distance to max pain
IV Rank
56
Middle-high premium
P/C OI
1.08
Balanced positioning
Consensus
7.0/10
Bullish tilt
Published snapshot: May 20, 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 20, 2026 close
AMD AI Consensus Report
Analysis based on market close May 20, 2026

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

Conviction
7.0

out of 10

7 not 8 because the pinning risk from max pain and conflicting trade structures (defensive vs aggressive bullish) reduce alignment; if spot holds $415 and confirms upside, conviction rises to 8.5.

Where Perspectives Agree

All personas converge on a bullish thesis for AMD, with strong dealer gamma, institutional flow, and high IV supporting upside to $450-$471, anchored by support near $415.

Where They Diverge

Theta's short put spread (bearish put selling) is defensive and assumes limited downside, conflicting with Directional's outright bullish call spread targeting $500. Spot 7.9% above max pain introduces pinning risk at $415, undermining the $450+ upside thesis.

Top Trade
via directional

Buy 2026-06-26 $450/$500 call spread for $15.20 debit — defined risk, profits from bullish continuation, aligns with GEX and flow.

Key Risk

Break below $415 invalidates all bullish perspectives — dealer gamma flips negative, $392.5 put activity activates hedging, and downside accelerates to $380.

How to Use These Reports
This ai consensus reflects the market close on May 20, 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.