Mixed options sentiment in Advanced Micro Devices with shares down 4.84%

Mixed options sentiment in Advanced Micro Devices (AMD), with shares down $17.44 near $343.10. Options volume relatively light with 318k contracts traded and calls leading puts for a put/call ratio of 0.91, compared to a typical level near 0.73. Implied volatility (IV30) dropped 0.07 near 66.99, in the highest 10% of observations over the past year, suggesting an expected daily move of $14.48. Put-call skew steepened, indicating increased demand for downside protection, following a downgrade to Hold at HSBC.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 9.42% or $32.32.