Moderately bullish activity in Advanced Micro Devices (AMD), with shares up $3.35, or 0.95%, near $357.85. Options volume running well above average with 767k contracts traded and calls leading puts for a put/call ratio of 0.45, compared to a typical level near 0.74. Implied volatility (IV30) dropped 0.79 near 67.09, in the highest 10% of observations over the past year, suggesting an expected daily move of $15.12. 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 7.3% or $26.13.
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