Moderately bullish activity in Advanced Micro Devices (AMD), with shares up $17.54, or 7.38%, near $255.06. Options volume more than double the daily average with 1.43m contracts traded and calls leading puts for a put/call ratio of 0.67, compared to a typical level near 0.69. Implied volatility (IV30) dropped 1.0 near 53.82,and above the 52wk median, suggesting an expected daily move of $8.65. Put-call skew flattened, suggesting a modestly bullish tone, following an upgrade to Outperform at CICC.
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