Mixed options sentiment in Advanced Micro Devices (AMD), with shares down $1.20 near $446.12. Options volume relatively light with 356k contracts traded and calls leading puts for a put/call ratio of 0.84, compared to a typical level near 0.73. Implied volatility (IV30) dropped 3.1 near 65.42,in the top quartile of the past year, suggesting an expected daily move of $18.38. Put-call skew steepened, indicating increased demand for downside protection.
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