Moderately bullish activity in Advanced Micro Devices with shares up 2.92%

Moderately bullish activity in Advanced Micro Devices (AMD), with shares up $5.02, or 2.92%, near $176.72. Options volume roughly in line with average with 208k contracts traded and calls leading puts for a put/call ratio of 0.72, compared to a typical level near 0.52. Implied volatility (IV30) dropped 2.51 near 52.93,in the top quartile of the past year, suggesting an expected daily move of $5.89. Put-call skew flattened, suggesting a modestly bullish tone, following a downgrade to Sell at DZ Bank.Looking ahead: Advanced Micro Devices (AMD) will report earnings after the close on 2025-08-05.Option markets are pricing in a 50% probability of a move greater than 9.03% or $15.95.