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AMD

Advanced Micro Devices, Inc.Close $633.91EOD only
Max Pain
$610.00
Next expiry Oct 5, 2026
Expected Move
±$12.85
2.0% from close
Price Gap
-23.91
Distance to max pain
IV Rank
18
Low premium
P/C OI
1.20
Slightly put-heavy
Consensus
7.5/10
Bullish tilt
Published snapshot: Oct 2, 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
Oct 2, 2026 close
AMD Theta Report
Analysis based on market close May 19, 2026
DirectionalTheta GangFlowEarningsConsensus

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

You are viewing an older report from May 19, 2026. A newer theta report is available for June 29, 2026.

View latest report

Theta Verdict

Attractiveness9 / 10
Sizing: Aggressive
Primary: Short Iron Condor
Invalidation: Spot breaks 2d guardrails $389.15/$438.95
Confidence:
9 / 10
base 5; +2 GEX/flow strongly aligned; +1 GEX positive (pinning); +1 spot 0.2% from MP; +0.5 VIX 18

IV Environment

IV Regime
High
IV vs VIX
Avg IV 81.5% vs VIX 18.1, +350% spread
Favorable?
Yes

Term structure: Front-month IV elevated with put skew; term slightly inverted, peak 3DTE

⚠️Front-month put IV 123.6% vs call 99.9% indicates extreme downside fear
📉Term structure inverted: front IV 71.9% > back 66.7%, typical for high vol

Pin Risk Assessment

Spot vs MP: At

GEX regime: Pinning ($+29.2M)

OI concentrations: Max pain $415 (5/22), $400 (5/29 & 6/5); Call wall $450, put floor $255

Verdict: High pinning risk near $415 OI; spot likely gravitates to max pain by expiration

Premium Opportunities

#1
Put credit spread
Sell 2026-06-18 $400.00/$390.00 put spread
Sell $400 put, buy $390 put to collect elevated premium with bullish bias, capitalizing on inflated IV and hedging demand.
Credit: $3.76-$4.59
Max loss: $5.41
BE: $395.41
Mgmt: Exit if spot breaks $364.92 invalidation; monitor pin dynamics near $415 OI; consider early close if IV collapses.

Risk Alerts

!High IV widens expected moves; vanna risk elevated near pin
!Put skew signals hedging; watch for downside catalysts
How to Use These Reports
This theta reflects the market close on May 19, 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.