Mixed options sentiment in Advanced Micro Devices with shares down 3.7%

Mixed options sentiment in Advanced Micro Devices (AMD), with shares down $16.96 near $441.82. Options volume relatively light with 156k contracts traded and calls leading puts for a put/call ratio of 0.85, compared to a typical level near 0.7. Implied volatility (IV30) dropped 1.87 near 67.87, in the highest 10% of observations over the past year, suggesting an expected daily move of $18.89. Put-call skew flattened, suggesting a modestly bullish tone, following an upgrade to Outperform at Bernstein.