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AMD

Advanced Micro Devices, Inc.Close $547.26EOD only
Max Pain
$270.00
Next expiry Jun 18, 2026
Expected Move
±$34.27
6.3% from close
Price Gap
-277.26
Distance to max pain
IV Rank
100
High premium
P/C OI
1.12
Slightly put-heavy
Consensus
7.5/10
Bullish tilt
Published snapshot: Jun 15, 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 15, 2026 close
AMD Theta Report
Analysis based on market close June 16, 2026
DirectionalTheta GangFlowEarningsConsensus

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

Theta Verdict

Attractiveness8 / 10
Sizing: Moderate
Primary: Short put spreads near $490
Invalidation: Break below $447 or gamma flip below $390
Confidence:
8 / 10
base 5; +2 GEX/flow strongly aligned; +1 GEX positive (pinning); -1 spot 69.1% from MP; +1 VIX 16

IV Environment

IV Regime
High
IV vs VIX
IV ~100% vs VIX 16.4: huge premium, high vol regime
Favorable?
Yes

Term structure: Slightly contango; ATM IVs 68-75%; near-term spike in call/put IV for 2d expiry

📈IV at 100% vs VIX 16.4 - extreme premium, suitable for selling
⚠️Positive GEX $33M - dealers long gamma, reinforces pinning
📊Term structure contango supports premium selling across tenors

Pin Risk Assessment

Spot vs MP: Above

GEX regime: Pinning ($+33.1M)

Gamma flip: ~$390.00 — Approx — based on put OI concentration of 16,273 (23.1% below spot)

OI concentrations: Put OI heavy below spot; call wall at $600; max pain pins $490/$495 next expiries

Verdict: Spot near $500, pinning likely toward $490-495; gamma flip at $390 is downside risk if support breaks

Premium Opportunities

#1
Put credit spread
Sell 2026-07-17 $450.00/$420.00 put spread
Sell $450/$420 put spread, collect premium, expire worthless if AMD stays above $450.
Credit: $6.43-$7.86
Max loss: $22.14
BE: $442.14
Mgmt: Close at 50% max gain or before earnings 2026-08-04.
#2
Iron condor
Sell 2026-07-17 $450.00/$420.00 put wing and $600.00/$650.00 call wing
Sell $450/$420 put spread and $600/$650 call spread, collect premium.
Credit: $12.33-$15.07
Max loss: $34.93
BE: 434.93 / 615.07
Mgmt: Adjust if pin risk develops; close before earnings.

Risk Alerts

!2d expiry call/put IV spike: potential event risk or wide strikes
!Call OI wall at $600 may cap upside above resistance
!Watch support $447: break could accelerate toward $390 gamma flip
How to Use These Reports
This theta reflects the market close on June 16, 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.