Bullish flow in Advanced Micro Devices with shares up 4.21%

Bullish flow in Advanced Micro Devices (AMD), with shares up $13.62, or 4.21%, near $336.82. Options volume roughly in line with average with 598k contracts traded and calls leading puts for a put/call ratio of 0.5, compared to a typical level near 0.77. Implied volatility (IV30) is higher by 4.2 points near 69.15, in the highest 10% of observations over the past year, suggesting an expected daily move of $14.67. 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 9.34% or $31.46.