Mixed options sentiment in Advanced Micro Devices (AMD), with shares down $5.70 near $229.86. Options volume more than double the daily average with 1.23m contracts traded and calls leading puts for a put/call ratio of 0.77, compared to a typical level near 0.48. Implied volatility (IV30) dropped 5.84 near 67.47, in the highest 10% of observations over the past year, suggesting an expected daily move of $9.77. Put-call skew steepened, indicating increased demand for downside protection, following an upgrade to Buy at DZ Bank.
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