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AMD

Advanced Micro Devices, Inc.Close $615.52EOD only

Max Pain

$540.00

Next expiry Sep 23, 2026

Expected Move

±$22.25

3.6% from close

Price Gap

-75.52

Distance to max pain

IV Rank

Low premium

P/C OI

1.13

Slightly put-heavy

Consensus

7.5/10

Bullish tilt

Published snapshot: Sep 21, 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 21, 2026 close

AMD Theta Report

Analysis based on market close June 23, 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 23, 2026. A newer theta report is available for June 29, 2026.

View latest report

Theta Verdict

Confidence:

9 / 10

base 5; +2 GEX/flow strongly aligned; +1 GEX positive (pinning); +0.5 spot 1.9% from MP; +0.5 VIX 19

IV Environment

IV Regime

High

IV vs VIX

IV (89%) well above VIX (19.5), elevated

Favorable?

Yes

Term structure: Near-term put IV elevated; term structure flat to slightly contango

⚠️Near-term put IV 148% vs call 92%, skew extreme

Pin Risk Assessment

Spot vs MP: Below

GEX regime: Pinning ($+21.0M)

Gamma flip: ~$390.00 — Approx — based on put OI concentration of 16,396 (25.0% below spot)

OI concentrations: Put floor $290-$390, call resistance $530-$587. Max pain $530 near-term

Verdict: Moderate pin risk; gamma flip at $390 provides support

Premium Opportunities

Put credit spread

Sell 2026-07-17 $510.00/$500.00 put spread

Sell $510/$500 put spread, credit ~$4.87

Credit: $3.98-$4.87

Max loss: $5.13

BE: $505.13

Mgmt: Exit if spot breaks below 452

Iron condor

Sell 2026-07-24 $500.00/$495.00 put wing and $520.00/$530.00 call wing

Sell $500/$495 put wing and $520/$530 call wing

Credit: $5.74-$7.01

Max loss: $2.99

BE: 492.99 / 527.01

Mgmt: Adjust wings if spot approaches strikes

Short strangle

Sell 2026-07-17 $500.00 put + sell $540.00 call

Sell $500 put and $540 call

Credit: $55.31-$67.60

Max loss: Unlimited

BE: 432.40 / 607.60

Mgmt: Set stop-loss or roll on breakouts

Risk Alerts

!Near-term expiration concentration at $500 and $530

!Extreme skew: put IV 148% vs call 92%

How to Use These Reports

This theta reflects the market close on June 23, 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.