Option traders moderately bearish in Advanced Micro Devices (AMD), with shares down $11.03 near $150.76. Options volume running well above average with 750k contracts traded and calls leading puts for a put/call ratio of 0.75, compared to a typical level near 0.6. Implied volatility (IV30) is higher by 2.6 points near 41.77,and below the 52wk median, suggesting an expected daily move of $3.97. Put-call skew steepened, indicating increased demand for downside protection, following a downgrade to Neutral at Seaport.
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