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AMD

Advanced Micro Devices, Inc.Close $414.05EOD only
Max Pain
$415.00
Next expiry May 22, 2026
Expected Move
±$24.90
6.0% from close
Price Gap
+0.95
Distance to max pain
IV Rank
46
Middle-high premium
P/C OI
1.08
Balanced positioning
Consensus
7.0/10
Bullish tilt
Published snapshot: May 19, 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 19, 2026 close
AMD Theta Report
Analysis based on market close May 15, 2026
DirectionalTheta GangFlowEarningsConsensus

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

You are viewing an older report from May 15, 2026. A newer theta report is available for May 19, 2026.

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Theta Verdict

Attractiveness6 / 10
Sizing: Moderate
Primary: N/A
Invalidation: Spot violates $381 support or breaks above $500 resistance
Confidence:
7.5 / 10
base 5; +2 GEX/flow strongly aligned; +1 GEX positive (pinning); -1 spot 23.8% from MP; +0.5 VIX 18

IV Environment

IV Regime
High
IV vs VIX
IV at 91% is ~5x VIX (18.4), indicating extreme premium.
Favorable?
No

Term structure: 0DTE IV 228/295% shows severe skew; then contango at ~63-69%.

⚠️0DTE put IV 296% vs call 228% reflects heavy downside hedging.
📌Max pain $342 for 0DTE, but spot ~$450 suggests low pin risk near term.

Pin Risk Assessment

Spot vs MP: Above

GEX regime: Pinning ($+12.6M)

OI concentrations: Put floor $240; call wall $450-$530; max pain pins $342, $410, $380.

Verdict: Spot 23.8% above nearest max pain; call wall may cap upside, reducing pin risk for short puts.

Premium Opportunities

#1
Iron condor
Sell 2026-06-05 $390.00/$365.00 put wing and $480.00/$510.00 call wing
Sells both wings to profit from IV contraction and range-bound movement.
Credit: $8.98-$10.97
Max loss: $19.03
BE: 379.03 / 490.97
Mgmt: Close at 50% max profit or if spot breaks key levels.
#2
Call diagonal
Sell 2026-06-05 $465.00 call / buy 2026-07-17 $440.00 call
Sells near-term call, buys longer-term call for time decay and IV drop.
Debit: $24.62-$30.09
Max loss: $30.09
BE: Path-dependent
Mgmt: Roll short call if spot approaches strike.
#3
Put credit spread
Sell 2026-06-05 $390.00/$365.00 put spread
Sells put spread below support to collect premium.
Credit: $5.24-$6.41
Max loss: $18.59
BE: $383.59
Mgmt: Close if spot nears short strike.

Risk Alerts

!Spot 23.8% above max pain – directional tail risk.
!0DTE skew extreme – avoid gamma near expiry.
How to Use These Reports
This theta reflects the market close on May 15, 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.