thetaOwl
HomeOptionsAMDReports

AMD

Advanced Micro Devices, Inc.Close $630.63EOD only
Max Pain
$610.00
Next expiry Sep 28, 2026
Expected Move
±$15.90
2.5% from close
Price Gap
-20.63
Distance to max pain
IV Rank
22
Low premium
P/C OI
1.17
Slightly put-heavy
Consensus
7.5/10
Bullish tilt
Published snapshot: Sep 25, 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
Sep 25, 2026 close
AMD Theta Report
Analysis based on market close May 14, 2026
DirectionalTheta GangFlowEarningsConsensus

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

You are viewing an older report from May 14, 2026. A newer theta report is available for June 29, 2026.

View latest report

Theta Verdict

Attractiveness7 / 10
Sizing: Moderate
Primary: N/A
Invalidation: Spot outside 2d guardrails or IV crush below 50%
Confidence:
8 / 10
base 5; +2 GEX/flow strongly aligned; +1 GEX positive (pinning); -1 spot 32.3% from MP; +1 VIX 17

IV Environment

IV Regime
High
IV vs VIX
Avg IV 92% vs VIX 17 (extremely high)
Favorable?
Yes

Term structure: Front-week skew extreme (event risk); contango after 1wk.

⚡Front-week put skew 241% vs call 194%; event premium.

Pin Risk Assessment

Spot vs MP: Above

GEX regime: Pinning ($+76.3M)

OI concentrations: Max pain pins: $340(1d), $402(1w), $370(2w); call wall $530, put floor $240.

Verdict: Positive GEX + pinning regime; likely pin near $340/$402.

Premium Opportunities

#1
Iron condor
Sell 2026-06-05 $410.00/$385.00 put wing and $515.00/$550.00 call wing
Sells OTM put and call wings around expected pin zone.
Credit: $9.65-$11.80
Max loss: $23.20
BE: 398.20 / 526.80
Mgmt: Close if spot breaches 385 or 515; adjust wings.
#2
Put credit spread
Sell 2026-06-05 $410.00/$385.00 put spread
Sells put spread above expected pin; benefits from time decay.
Credit: $5.31-$6.49
Max loss: $18.51
BE: $403.51
Mgmt: Exit if spot below 399.4; roll if tested.
#3
Cash-secured put
Sell 2026-06-05 $400.00 cash-secured put
Sells put at $400 for high premium; acceptable risk near pin zone.
Credit: $9.18-$11.22
Max loss: $388.78
BE: $388.78
Mgmt: Monitor spot; roll or accept assignment if below 399.4.

Risk Alerts

!Extreme front-week IV skew (event risk).
!Call OI wall $530 may cap rally.
!Positive GEX supports pinning but increases reversal risk.
How to Use These Reports
This theta reflects the market close on May 14, 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.