Option traders moderately bearish in Advanced Micro Devices (AMD), with shares down $5.64 near $162.94. Options volume roughly in line with average with 585k contracts traded and calls leading puts for a put/call ratio of 0.62, compared to a typical level near 0.57. Implied volatility (IV30) is higher by 1.0 points near 40.21,in the bottom quartile of the past year, suggesting an expected daily move of $4.13. Put-call skew steepened, indicating increased demand for downside protection, following an upgrade to Buy at Truist.
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