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AMD

Advanced Micro Devices, Inc.Close $511.57EOD only
Max Pain
$260.00
Next expiry Jun 18, 2026
Expected Move
±$39.38
7.7% from close
Price Gap
-251.57
Distance to max pain
IV Rank
100
High premium
P/C OI
1.10
Slightly put-heavy
Consensus
8.0/10
Bullish tilt
Published snapshot: Jun 12, 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
Jun 12, 2026 close
AMD Theta Report
Analysis based on market close June 11, 2026
DirectionalTheta GangFlowEarningsConsensus

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

You are viewing an older report from June 11, 2026. A newer theta report is available for June 12, 2026.

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Theta Verdict

Attractiveness9 / 10
Sizing: Aggressive
Primary: Short Put Spreads
Invalidation: Spot break below $470 support or gamma flip at $390
Confidence:
9 / 10
base 5; +2 GEX/flow strongly aligned; +1 GEX positive (pinning); +0.5 spot 1.8% from MP; +0.5 VIX 19

IV Environment

IV Regime
High
IV vs VIX
IV extremely high relative to VIX (92% vs 19.4)
Favorable?
Yes

Term structure: Near-term IV spiking; term structure steeply backwardated for puts, then flattening.

🔥IV 92% vs VIX 19 — massive premium selling opportunity

Pin Risk Assessment

Spot vs MP: Above

GEX regime: Pinning ($+61.0M)

Gamma flip: ~$390.00 — Approx — based on put OI concentration of 16,273 (20.2% below spot)

OI concentrations: Max pain pins: $480 (6/12), $260 (6/18), $470 (6/26). Put floor $285-$390.

Verdict: Pinning gamma near $480; strong put OI concentration supports spot above $470.

Premium Opportunities

#1
Put credit spread
Sell 2026-08-21 $480.00/$470.00 put spread
Sell 480/470 put spread to collect elevated premium with defined risk.
Credit: $5.15-$6.30
Max loss: $3.70
BE: $473.70
Mgmt: Exit at 80% max profit or before earnings; stop loss if spot breaks $470.

Risk Alerts

!Gamma flip at $390
!High vol regime may persist
How to Use These Reports
This theta reflects the market close on June 11, 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.