Option traders moderately bearish in Advanced Micro Devices (AMD), with shares down $3.08 near $157.38. Options volume relatively light with 438k contracts traded and calls leading puts for a put/call ratio of 0.47, compared to a typical level near 0.6. Implied volatility (IV30) is higher by 0.6 points near 43.56,and below the 52wk median, suggesting an expected daily move of $4.32. Put-call skew steepened, indicating increased demand for downside protection, following a downgrade to Hold at Erste Group.
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