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AMD

Advanced Micro Devices, Inc.Close $485.39EOD only

Max Pain

$477.50

Next expiry Jul 31, 2026

Expected Move

±$20.23

4.2% from close

Price Gap

-7.89

Distance to max pain

IV Rank

Middle-high premium

P/C OI

1.21

Slightly put-heavy

Consensus

7.5/10

Bullish tilt

Published snapshot: Jul 30, 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 30, 2026 close

AMD Theta Report

Analysis based on market close June 15, 2026

Directional Theta Gang Flow Earnings Consensus

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

You are viewing an older report from June 15, 2026. A newer theta report is available for June 29, 2026.

View latest report

Theta Verdict

Confidence:

8 / 10

base 5; +2 GEX/flow strongly aligned; +1 GEX positive (pinning); -1 spot 102.7% from MP; +1 VIX 16

IV Environment

IV Regime

High

IV vs VIX

IV (avg 101.75%) vastly exceeds VIX 16.2, indicating very high implied volatility.

Favorable?

Yes

Term structure: Front-week (3DTE) IV distorted with call/put IV ~285%, suggesting event risk. ATM term structure dips to 72% at 25DTE then rises to 77% by 46DTE, overall flat with no clear contango.

⚠️Front-week event risk (IV 285%) warrants caution for short-dated premium selling.

📈Elevated IV relative to VIX supports premium selling in longer tenors.

Pin Risk Assessment

Spot vs MP: Above

GEX regime: Pinning ($+60.2M)

Gamma flip: ~$390.00 — Approx — based on put OI concentration of 16,280 (28.7% below spot)

OI concentrations: Put OI concentration at $390 (16,280 contracts, 28.7% below spot); Call wall at $600. Max pain for 6/18 at $270 far below spot; for 7/2 at $480 near current spot.

Verdict: Moderate pin risk: nearest expiry pins far below, but longer-dated pins near spot. Put OI below suggests potential downside hedging pressure.

Premium Opportunities

Put credit spread

Sell 2026-07-17 $500.00/$470.00 put spread

Sell 2026-07-17 $500/$470 put spread to collect elevated premium with defined risk.

Credit: $8.33-$10.18

Max loss: $19.82

BE: $489.82

Mgmt: Exit if spot closes below $476.56 invalidation or IV spikes above 120%.

Iron condor

Sell 2026-07-17 $500.00/$470.00 put wing and $630.00/$680.00 call wing

Sell 2026-07-17 $500/$470 put wing and $630/$680 call wing to capture IV contraction.

Credit: $16.09-$19.66

Max loss: $30.34

BE: 480.34 / 649.66

Mgmt: Manage each wing; exit if spot breaks beyond short options.

Risk Alerts

!Front-week event risk due to extreme IV (285%) in 3DTE options.

!Put OI at $390 may act as support but could become gamma-negative if spot declines.

!High IV environment increases risk of large swings; size positions accordingly.

How to Use These Reports

This theta reflects the market close on June 15, 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.