thetaOwl
HomeOptionsAMDReports

AMD

Advanced Micro Devices, Inc.Close $493.41EOD only
Max Pain
$502.50
Next expiry Sep 16, 2026
Expected Move
±$15.35
3.1% from close
Price Gap
+9.09
Distance to max pain
IV Rank
20
Low premium
P/C OI
1.16
Slightly put-heavy
Consensus
7.5/10
Bullish tilt
Published snapshot: Sep 14, 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
Sep 14, 2026 close
AMD Theta Report
Analysis based on market close June 17, 2026
DirectionalTheta GangFlowEarningsConsensus

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

You are viewing an older report from June 17, 2026. A newer theta report is available for June 29, 2026.

View latest report

Theta Verdict

Attractiveness7 / 10
Sizing: Moderate
Primary: Short Put
Invalidation: Spot closes below $500
Confidence:
7.5 / 10
base 5; +2 GEX/flow strongly aligned; +1 GEX positive (pinning); -1 spot 60.1% from MP; +0.5 VIX 18

IV Environment

IV Regime
High
IV vs VIX
Avg IV 103% vs VIX 18 — extreme premium environment
Favorable?
Yes

Term structure: Front-end shows binary skew (>300% on 1D calls/puts); back-month contango ~70-75%

🎯Gamma pinning near $495-$500 with positive GEX $21.3M
⚠️1-day expiry IV >300% — event risk high

Pin Risk Assessment

Spot vs MP: Above

GEX regime: Pinning ($+21.3M)

Gamma flip: ~$390.00 — Approx — based on put OI concentration of 16,276 (23.9% below spot)

OI concentrations: Max pain $320, $495, $490; Call wall $600; Put floor $300-$390

Verdict: Spot above max pain, but heavy put OI at $500 provides support; pinning likely near $495-$500

Premium Opportunities

#1
Put credit spread
Sell 2026-07-17 $500.00/$490.00 put spread
Sell put spread to collect elevated IV premium
Credit: $4.21-$5.14
Max loss: $4.86
BE: $494.86
Mgmt: Close if spot approaches $500
#2
Short strangle
Sell 2026-08-21 $500.00 put + sell $530.00 call
Sell strangle to capture implied volatility crush
Credit: $103.84-$126.91
Max loss: Unlimited
BE: 373.09 / 656.91
Mgmt: Set stop-loss or roll if spot nears strikes

Risk Alerts

!Front-week expiry (1 day) with extreme IV skew — consider avoiding naked options.
How to Use These Reports
This theta reflects the market close on June 17, 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.