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AMD

Advanced Micro Devices, Inc.Close $494.95EOD only
Max Pain
$530.00
Next expiry Jul 29, 2026
Expected Move
±$26.35
5.3% from close
Price Gap
+35.05
Distance to max pain
IV Rank
27
Middle-high premium
P/C OI
1.23
Slightly put-heavy
Consensus
7.5/10
Bullish tilt
Published snapshot: Jul 27, 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
Jul 27, 2026 close
AMD Theta Report
Analysis based on market close June 12, 2026
DirectionalTheta GangFlowEarningsConsensus

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

You are viewing an older report from June 12, 2026. A newer theta report is available for June 29, 2026.

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Theta Verdict

Attractiveness8 / 10
Sizing: Aggressive
Primary: Short Put
Invalidation: Spot drops below $480 support
Confidence:
8 / 10
base 5; +2 GEX/flow strongly aligned; +1 GEX positive (pinning); -1 spot 6.6% from MP; +1 VIX 18

IV Environment

IV Regime
High
IV vs VIX
IV ~95% vs VIX 18, massively elevated
Favorable?
Yes

Term structure: Front-month ATM IV low (13%) but spikes to ~70% by 6DTE, indicating extreme near-term event skew

📈IV elevated but pinning risk high; short premium requires careful strike selection

Pin Risk Assessment

Spot vs MP: Above

GEX regime: Pinning ($+148.1M)

Gamma flip: ~$390.00 — Approx — based on put OI concentration of 16,284 (23.8% below spot)

OI concentrations: Put floor $285-$390, call wall $600, max pain $480 with 16.3K OI

Verdict: Moderate pin risk; $480 is key level with high dealer gamma

Premium Opportunities

Risk Alerts

!VIX 18 but IV 95% suggests overpriced options, especially near term
!GEX +$148M signals dealer long gamma, reducing spot volatility but increasing pin risk at expiries
How to Use These Reports
This theta reflects the market close on June 12, 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.