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AMD

Advanced Micro Devices, Inc.Close $532.57EOD only
Max Pain
$525.00
Next expiry Jun 26, 2026
Expected Move
±$18.77
3.5% from close
Price Gap
-7.57
Distance to max pain
IV Rank
25
Low premium
P/C OI
1.19
Slightly put-heavy
Consensus
7.0/10
Bullish tilt
Published snapshot: Jun 25, 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 25, 2026 close
AMD Theta Report
Analysis based on market close June 26, 2026
DirectionalTheta GangFlowEarningsConsensus

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

Theta Verdict

Attractiveness4 / 10
Sizing: Conservative
Primary: Wait for vol collapse or directional confirmation
Invalidation: Break below $490 gamma flip
Confidence:
9 / 10
base 5; +2 GEX/flow strongly aligned; +1 GEX positive (pinning); +1 spot 0.7% from MP; +0.5 VIX 18

IV Environment

IV Regime
High
IV vs VIX
IV ~86% vastly exceeds VIX 18.4, extreme implied vol premium.
Favorable?
No

Term structure: Steep backwardation; 0 DTE ATM 22%, 6 DTE jumps to 67%, elevated across curve.

🚨Front-month put skew extreme (put IV 202% vs call 93%)
📉Call wall at $550 limits upside, put floor at $490 supports

Pin Risk Assessment

Spot vs MP: At

GEX regime: Pinning ($+35.0M)

Gamma flip: ~$490.00 — Approx — based on put OI concentration of 9,206 (6.1% below spot)

OI concentrations: Put OI heavy near spot (9,206); call wall at $550; structural put floor $290-$490.

Verdict: Moderate pin risk; put OI concentration and gamma flip at $490 key level.

Premium Opportunities

#1
Call diagonal
Sell 2026-07-17 $580.00 call / buy 2026-08-21 $550.00 call
Sell near-term call, buy later-dated call to capture premium decay and vol normalization.
Debit: $32.74-$40.01
Max loss: $40.01
BE: Path-dependent
Mgmt: Close before earnings to avoid IV collapse; roll if stock pushes above short strike.
#2
Put credit spread
Sell 2026-08-21 $400.00/$320.00 put spread
Sell OTM put spread to collect premium with defined risk below $400.
Credit: $9.56-$11.69
Max loss: $68.31
BE: $388.31
Mgmt: Exit if stock breaks below $490; adjust strikes if IV compresses.

Risk Alerts

!Extreme put skew in 0 DTE suggests manipulation risk.
!Gamma flip at $490; break could accelerate.
!High IV environment may not sustain if vol collapses.
How to Use These Reports
This theta reflects the market close on June 26, 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.