Moderately bullish activity in Advanced Micro Devices with shares up 5.62%

Moderately bullish activity in Advanced Micro Devices (AMD), with shares up $15.98, or 5.62%, near $300.48. Options volume running well above average with 558k contracts traded and calls leading puts for a put/call ratio of 0.6, compared to a typical level near 0.8. Implied volatility (IV30) is higher by 2.2 points near 65.89, in the highest 10% of observations over the past year, suggesting an expected daily move of $12.47. Put-call skew flattened, suggesting a modestly bullish tone.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 8.68% or $26.07.