Moderately bullish activity in Advanced Micro Devices with shares up 8.04%

Moderately bullish activity in Advanced Micro Devices (AMD), with shares up $33.30, or 8.04%, near $447.35. Options volume roughly in line with average with 252k contracts traded and calls leading puts for a put/call ratio of 0.53, compared to a typical level near 0.73. Implied volatility (IV30) is higher by 3.9 points near 70.58, in the highest 10% of observations over the past year, suggesting an expected daily move of $19.89. Put-call skew flattened, suggesting a modestly bullish tone.