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AMD

Advanced Micro Devices, Inc.Close $506.00EOD only
Max Pain
$495.00
Next expiry Aug 19, 2026
Expected Move
±$16.35
3.2% from close
Price Gap
-11.00
Distance to max pain
IV Rank
20
Low premium
P/C OI
1.20
Slightly put-heavy
Consensus
7.5/10
Bullish tilt
Published snapshot: Aug 17, 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
Aug 17, 2026 close
AMD Theta Report
Analysis based on market close June 29, 2026
DirectionalTheta GangFlowEarningsConsensus

Consensus-supported lens with chain history and key metrics in the rail.

Theta Verdict

Attractiveness7 / 10
Sizing: Moderate
Primary: Short put spreads
Invalidation: AMD closes below $510
Confidence:
8 / 10
base 5; +2 GEX/flow strongly aligned; +1 GEX positive (pinning); -1 spot 5.8% from MP; +1 VIX 18; override: Strong GEX/flow alignment and pinning support premium selling.

IV Environment

IV Regime
High
IV vs VIX
IV 87.5% vs VIX 17.6, severely elevated.
Favorable?
Yes

Term structure: Front-end elevated with pronounced put skew; near-term inverted.

📊IV elevated; put skew 1.5x ATM; premium attractive for sellers.
⚠️Pinning risk high at $510 max pain.

Pin Risk Assessment

Spot vs MP: Above

GEX regime: Pinning ($+40.1M)

Gamma flip: ~$400.00 — Approx — based on put OI concentration of 16,505 (25.9% below spot)

OI concentrations: Max pain $510 (2d), $505 (11d); put OI heavy at $400 gamma flip.

Verdict: Concentrated OI near spot; gamma flip at $400 poses tail risk.

Premium Opportunities

#1
Put credit spread
Sell 2026-07-31 $495.00/$460.00 put spread
Sell 495/460 put spread, defined risk, high probability.
Credit: $9.72-$11.88
Max loss: $23.12
BE: $483.12
Mgmt: Exit if AMD closes below $510.
#2
Iron condor
Sell 2026-08-21 $490.00/$440.00 put wing and $660.00/$730.00 call wing
Sell 490/440 put and 660/730 call wings, earns premium.
Credit: $24.84-$30.36
Max loss: $39.64
BE: 459.64 / 690.36
Mgmt: Monitor vol; adjust if vol spikes beyond wings.

Risk Alerts

!Spot near max pain $510, pinning likely.
!Put skew suggests hedging demand; monitor event risk.
!Vol expansion possible on break of $510 or $571.
How to Use These Reports
This theta reflects the market close on June 29, 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.