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AMD

Advanced Micro Devices, Inc.Close $516.79EOD only
Max Pain
$530.00
Next expiry Oct 26, 2026
Expected Move
±$15.32
3.0% from close
Price Gap
+13.21
Distance to max pain
IV Rank
14
Low premium
P/C OI
1.15
Slightly put-heavy
Consensus
7.5/10
Bullish tilt
Published snapshot: Oct 23, 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 23, 2026 close
AMD Theta Report
Analysis based on market close June 10, 2026
DirectionalTheta GangFlowEarningsConsensus

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

You are viewing an older report from June 10, 2026. A newer theta report is available for June 29, 2026.

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Theta Verdict

Attractiveness7 / 10
Sizing: Moderate
Primary: Put Credit Spread
Invalidation: AMD closes below $390
Confidence:
7 / 10
base 5; +2 GEX/flow strongly aligned; +1 GEX positive (pinning); -1 spot 6.2% from MP

IV Environment

IV Regime
High
IV vs VIX
IV (91.4%) vs VIX (22.2%): extreme premium opportunity.
Favorable?
Yes

Term structure: Front-month IV >76%, tapering to 72% by year-end; steep contango in first week.

📈IV 4x VIX; premium selling very attractive but high risk.
⚠️Term structure shows near-term risk premium; caution advised.

Pin Risk Assessment

Spot vs MP: Below

GEX regime: Pinning ($+2.8M)

Gamma flip: ~$390.00 — Approx — based on put OI concentration of 16,243 (13.8% below spot)

OI concentrations: Call wall $500-$600, put floor $285-$390; max pain at $482, $260, $470.

Verdict: Elevated pin risk from multiple OI concentrations; spot below nearest max pain suggests potential upward drift.

Premium Opportunities

#1
Call diagonal
Sell 2026-07-02 $475.00 call / buy 2026-08-21 $470.00 call
Sells near-term high IV call, buys later-dated call to capture volatility decline.
Debit: $28.33-$34.62
Max loss: $34.62
BE: Path-dependent
Mgmt: Close before earnings or adjust strikes if spot moves.
#2
Put credit spread
Sell 2026-07-02 $435.00/$430.00 put spread
Sells OTM put spread to benefit from theta and expected upward drift.
Credit: $1.87-$2.28
Max loss: $2.72
BE: $432.72
Mgmt: Monitor invalidation level $394.55; exit if breached. Liquidity warning: Liquidity constraints: short_put: Volume below 5.

Risk Alerts

!Gamma flip at $390 near support.
!Spot 6.2% below max pain; may move toward it.
How to Use These Reports
This theta reflects the market close on June 10, 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.