Bullish flow in Advanced Micro Devices with shares up 14.2%

Bullish flow in Advanced Micro Devices (AMD), with shares up $43.34, or 14.2%, near $348.68. Options volume nearly triple the daily average with 1.53m contracts traded and calls leading puts for a put/call ratio of 0.89, compared to a typical level near 0.78. Implied volatility (IV30) is higher by 6.6 points near 70.79, in the highest 10% of observations over the past year, suggesting an expected daily move of $15.55. Put-call skew flattened, suggesting a modestly bullish tone, following an upgrade to Buy at DA Davidson.Looking ahead: Advanced Micro Devices (AMD) will report earnings after the close on 2026-05-05.Option markets are pricing in a 50% probability of a move greater than 8.57% or $29.90.