Option traders moderately bearish in Advanced Micro Devices (AMD), with shares down $6.26 near $193.95. Options volume roughly in line with average with 142k contracts traded and calls leading puts for a put/call ratio of 0.59, compared to a typical level near 1.04. Implied volatility (IV30) is higher by 2.9 points near 56.16,and above the 52wk median, suggesting an expected daily move of $6.86. Put-call skew steepened, indicating increased demand for downside protection.
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