Moderately bullish activity in Advanced Micro Devices with shares up 3.47%

Moderately bullish activity in Advanced Micro Devices (AMD), with shares up $7.43, or 3.47%, near $221.59. Options volume more than double the daily average with 609k contracts traded and calls leading puts for a put/call ratio of 0.68, compared to a typical level near 0.73. Implied volatility (IV30) is higher by 4.0 points near 49.78,and above the 52wk median, suggesting an expected daily move of $6.95. Put-call skew steepened, indicating increased demand for downside protection.