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AMD

Advanced Micro Devices, Inc.Close $620.68EOD only
Max Pain
$615.00
Next expiry Oct 9, 2026
Expected Move
±$13.30
2.1% from close
Price Gap
-5.68
Distance to max pain
IV Rank
17
Low premium
P/C OI
1.19
Slightly put-heavy
Consensus
7.5/10
Bullish tilt
Published snapshot: Oct 8, 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 8, 2026 close
AMD Theta Report
Analysis based on market close May 26, 2026
DirectionalTheta GangFlowEarningsConsensus

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

You are viewing an older report from May 26, 2026. A newer theta report is available for June 29, 2026.

View latest report

Theta Verdict

Attractiveness8 / 10
Sizing: Aggressive
Primary: Premium selling
Invalidation: Break below $405 gamma flip
Confidence:
8 / 10
base 5; +2 GEX/flow strongly aligned; +1 GEX positive (pinning); -1 spot 24.4% from MP; +1 VIX 17

IV Environment

IV Regime
High
IV vs VIX
Avg IV 92.4% vs VIX 17.0 -> ~4.4x, extremely elevated
Favorable?
Yes

Term structure: Near-term flat ~75-77%, slightly elevated; longer-dated ~71-74%

🔥IV is 4.4x VIX, rich for selling
📌Max pain pins $405/$410/$420 support

Pin Risk Assessment

Spot vs MP: Above

GEX regime: Pinning ($+67.4M)

Gamma flip: ~$405.00 — Approx — based on put OI concentration of 10,929 (19.6% below spot)

OI concentrations: Call OI wall $600; put floor $255-$405

Verdict: Pinning risk at $405, $410, $420 expirations

Premium Opportunities

#1
Put credit spread
Sell 2026-07-17 $490.00/$480.00 put spread
Sell $490/$480 put spread expiring 2026-07-17; captures elevated volatility premium while pin support far below.
Credit: $4.54-$5.55
Max loss: $4.45
BE: $484.45
Mgmt: Monitor invalidation level at $436.79; exit spread if spot breaks below.

Risk Alerts

!Volatility elevated; IV crush risk if spot holds
!Pin risk near max pain clusters $405-$420
How to Use These Reports
This theta reflects the market close on May 26, 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.