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AMD

Advanced Micro Devices, Inc.Close $507.93EOD only
Max Pain
$547.50
Next expiry Oct 23, 2026
Expected Move
±$16.30
3.2% from close
Price Gap
+39.57
Distance to max pain
IV Rank
14
Low premium
P/C OI
1.18
Slightly put-heavy
Consensus
7.5/10
Bullish tilt
Published snapshot: Oct 22, 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 22, 2026 close
AMD Theta Report
Analysis based on market close June 9, 2026
DirectionalTheta GangFlowEarningsConsensus

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

You are viewing an older report from June 9, 2026. A newer theta report is available for June 29, 2026.

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Theta Verdict

Attractiveness8 / 10
Sizing: Moderate
Primary: Short strangle
Invalidation: Break below $390 gamma flip or above $536 resistance
Confidence:
8.5 / 10
base 5; +2 GEX/flow strongly aligned; +1 GEX positive (pinning); +0.5 VIX 20

IV Environment

IV Regime
High
IV vs VIX
Avg IV 90% vs VIX 20%, extremely elevated
Favorable?
Yes

Term structure: Near-term at 79% decaying to 71%, downward slope, net short premium

📈IV extremely high relative to VIX, rich for sellers
⚡Term structure decaying, near-term IV premium attractive

Pin Risk Assessment

Spot vs MP: Below

GEX regime: Pinning ($+29.1M)

Gamma flip: ~$390.00 — Approx — based on put OI concentration of 16,245 (18.0% below spot)

OI concentrations: Call wall at $600, put floor $285-$390, max pain pins at $488, $250, $470

Verdict: High pin risk: strong dealer gamma and OI concentrations near spot

Premium Opportunities

#1
Short strangle
Sell 2026-06-26 $445.00 put + sell $525.00 call
Sells $445 put and $525 call to capture high IV premium; profits if AMD stays between strikes.
Credit: $27.07-$33.08
Max loss: Unlimited
BE: 411.92 / 558.08
Mgmt: Alerts near gamma flip $390 and resistance $536; early close if IV drops or spot trends toward strikes.

Risk Alerts

!High IV amplifies risk of rapid premium decay if spot moves sharply
!Mixed flow regime may reduce effectiveness of pinning
!Below MP structure suggests bearish pressure, risk of downward break
How to Use These Reports
This theta reflects the market close on June 9, 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.