Primary read
Mixed
Options-market disagreement
Ticker Options Intelligence
AMD options intelligence
Advanced Micro Devices Inc options pressure, expected move, strike concentration, and Sharemaestro trend context.
Conviction
43
Market data through 31 Jul 2026
Checked 1 Aug 2026 08:48 · partial chain
Options-market disagreement
Mixed pressure
AMD currently carries mixed options pressure with a 43/100 conviction score. The nearest-chain expected move is 9.1%, with volume/open-interest participation at 0.90.
Expected move
9.1%
Wider near-term move priced
Activity / OI
0.90
Current volume is elevated versus prior open interest
Put-call
1.34
Put-side skew
Trend fit
63
Options agree with trend context
Weekly backdrop
-8.8%
RS 57.2
Expected move
9.1%
Put-call volume
1.34
Volume / OI
0.90
Reference IV
0.62
Max pain
460.00
Underlying
521.95
Nearest expiry
3 Aug 2026
Contracts
2000
Research Brief
AMD has a mixed chain read with 43/100 evidence alignment.
The practical question is whether the underlying confirms the options concentration. The chain prices a reference range of 474.37–569.53; The largest call open-interest concentration is 505.00; the largest put concentration is 400.00. The most active strike by current volume is 425.00.
Priced range474.37–569.53
Call concentration505.00
Put concentration400.00
Max pain reference460.00
- A clear directional pressure reading develops and price begins to agree.
- The current chain read already agrees with the stored weekly trend context.
- Volatility falls and the chain remains directionally mixed.
Priced Move
Where the chain says movement becomes exceptional
Options imply 474.37 to 569.53. Max pain at 460.00 lies outside the priced range, so it is a weak near-term anchor.
Spot
Max pain
474.37521.95 ± 47.58569.53
Confirmation level
A close beyond 569.53 or below 474.37 at the 3 Aug expiry would exceed the move currently priced by this chain.
Important limitation
The range is a pricing reference, not a forecast; volatility can reprice sharply after news or as expiry approaches.
Score Construction
Why conviction is 43/100
Pressure is 12/100 toward puts; conviction uses its strength, while the signal label carries its direction.
Directional pressure12 × 42%
+5.2
How strongly activity leans toward calls or puts.
Participation61 × 22%
+13.4
Volume relative to existing open interest and contract-level activity.
Trend agreement63 × 26%
+16.3
How closely the chain read agrees with the underlying trend backdrop.
Volatility80 × 10%
+8.0
The intensity of implied volatility and the priced move.
Positioning by Strike
Where open interest and current activity concentrate
The largest call open-interest concentration is 505.00; the largest put concentration is 400.00. The most active strike by current volume is 425.00. Open-interest concentrations show where positions exist; they are not proven support, resistance or dealer exposure.
Put open interestStrikeCall open interest
1568
400.00-23.4%
8
315
425.00-18.6%
63
1180
450.00-13.8%
77
329
455.00-12.8%
1800
192
465.00-10.9%
59
444
470.00-10.0%
225
280
480.00-8.0%
486
275
485.00-7.1%
185
99
490.00-6.1%
597
95
495.00-5.2%
1708
161
500.00-4.2%
998
53
505.00-3.2%
2216
169
510.00-2.3%
741
41
515.00-1.3%
648
87
520.00-0.4%
595
55
530.001.5%
473
8
550.005.4%
1905
Nearest spot strike Max pain strikeBars show relative OI within this expiry
Volatility Curve
Back-loaded volatility
Longer-dated options carry more implied volatility than the front expiry, so risk is priced farther out.
0.62
3 Aug
3d
1.06
5 Aug
5d
1.01
7 Aug
7d
0.90
10 Aug
10d
0.89
12 Aug
12d
0.87
14 Aug
14d
Volatility by Strike
Upside optionality premium
Out-of-the-money calls carry higher implied volatility than comparable puts, indicating richer upside optionality.
420
430
440
450
460
470
483
493
503
513
523
533
543
553
563
575
585
595
605
615
625
Put IV Call IV
Historical Replay
How matured reads behaved through expiry
Forward validation is building. The earliest eligible stored read expires 31 Jul 2026; its result will appear after the matched closing reference is stored.
Directional follow-through-
Moves contained by pricing-
Average expiry move-
Validation readiness
- Versioned calculationv2 observations only
- Independent entryone read per market session
- Point-in-time referencerequired at entry
- Matched expiry closereported only after maturity
Only v2 snapshots with a point-in-time market reference are eligible. Each observation uses one read per market session and the first weekly close on or immediately after expiry. It is an evidence audit, not an executable strategy or evidence of future performance.
Evidence Quality
Usable with limits
Retained chain30%
Implied volatility100%
Two-sided quotes100%
Open interest100%
- Chain status
- Retained chain subset
- Market date
- 31 Jul 2026
- Calculation
- v2.0
- Contracts
- 2000 / 6772
- 30% of provider contracts were retained for this snapshot.
Aggregate chain data supports concentration, participation and pricing analysis. It does not identify trade aggressor, opening versus closing activity, multi-leg intent or dealer inventory.
Options Intent Radar
Earnings/event positioning
Options activity is concentrated around a live event window, so the cleanest read is event positioning rather than pure direction.
The options read is mixed, so divergence is not strong enough to classify.
Earnings/event positioning matters because it connects the options headline to the actual evidence: $140.9M of estimated gross traded notional, puts · 0-7 days · otm, and a no clean flow/price divergence backdrop. Use it as a research priority signal, then validate the chart, liquidity, event calendar, and risk before acting.
Options pressure-12
1W price-8.8%
Call premium48%
Put premium52%
Notional split
C 48% / P 52%
Estimated gross traded notional uses volume × contract multiplier × midpoint, or last price when no valid midpoint is available.
Freshness
0.90
Volume divided by open interest across the visible chain.
Trend fit
63/100
Agreement between options pressure and Sharemaestro market context.
Event window
4 Aug
Matched earnings event is 2 days away.
Aggregate chain data does not identify trade aggressor or opening versus closing activity; call/put concentration is not proof of market direction.
Puts · 0-7 days · OTM
puts cluster with 104280 contracts traded, $54.0M estimated gross traded notional, and 38% of visible notional.
$54.0M
Calls · 0-7 days · ITM
calls cluster with 27674 contracts traded, $40.5M estimated gross traded notional, and 29% of visible notional.
$40.5M
Calls · 8-21 days · ITM
calls cluster with 3128 contracts traded, $8.9M estimated gross traded notional, and 6% of visible notional.
$8.9M
Puts · 0-7 days · ATM
puts cluster with 1614 contracts traded, $7.4M estimated gross traded notional, and 5% of visible notional.
$7.4M
Calls · 0-7 days · ATM
calls cluster with 16012 contracts traded, $7.2M estimated gross traded notional, and 5% of visible notional.
$7.2M
Setup Classification
Opportunity and risk frame
Participation is active enough to treat follow-through risk carefully.
The tape is pricing or displaying unusually elevated activity.
Expected move or upcoming earnings makes the setup more event-sensitive.
Activity Anomaly
Warming up
3 of 10 completed market sessions are available. More session history is needed before activity can be compared with a reliable normal.
Baseline: 3 completed sessions
Volume rank-
Volume/OI rank-
IV rank-
Market Context
Underlying confirmation
Close476.15
1W-8.8%
RS57.2
Fair value+155.2%
Options pressure-12
Speculation61
Volatility80
Trend fit63
Today Versus Normal
Stored-options context
30d avg - · 3/10 sessions
-
90d avg - · 3/30 sessions
-
180d avg - · 3/60 sessions
-
30d avg - · 3/10 sessions
-
90d avg - · 3/30 sessions
-
180d avg - · 3/60 sessions
-
30d avg - · 3/10 sessions
-
90d avg - · 3/30 sessions
-
180d avg - · 3/60 sessions
-
30d avg - · 3/10 sessions
-
90d avg - · 3/30 sessions
-
180d avg - · 3/60 sessions
-
Pressure Trail
Recent pressure and volatility
29 Jul 14:45
Mixed
Pressure -6
Move 16.9%
29 Jul 15:10
Mixed
Pressure -9
Move 17.1%
29 Jul 15:31
Mixed
Pressure -8
Move 17.6%
29 Jul 15:55
Mixed
Pressure -7
Move 17.7%
29 Jul 16:15
Mixed
Pressure -8
Move 18.2%
29 Jul 16:40
Mixed
Pressure -8
Move 18.1%
29 Jul 17:01
Mixed
Pressure -6
Move 18.2%
29 Jul 17:26
Mixed
Pressure -4
Move 16.9%
Strike Map
Where activity is clustering
Strike290.00
Calls · V 0 · OI 0
Puts · V 0 · OI 111
Strike300.00
Calls · V 3 · OI 11
Puts · V 33 · OI 21
Strike310.00
Calls · V 0 · OI 0
Puts · V 22 · OI 845
Strike320.00
Calls · V 0 · OI 8
Puts · V 2 · OI 51
Strike330.00
Calls · V 9 · OI 20
Puts · V 1 · OI 10
Strike340.00
Calls · V 9 · OI 9
Puts · V 24 · OI 16
Strike345.00
Calls · V 1 · OI 1
Puts · V 26 · OI 106
Strike350.00
Calls · V 0 · OI 27
Puts · V 533 · OI 798
Term Structure
Expiration activity
Expiry3 Aug 2026
Contracts334
Avg IV0.62
Put-call1.35
Expiry5 Aug 2026
Contracts348
Avg IV1.06
Put-call0.61
Expiry7 Aug 2026
Contracts488
Avg IV1.01
Put-call1.89
Expiry10 Aug 2026
Contracts346
Avg IV0.90
Put-call1.10
Expiry12 Aug 2026
Contracts308
Avg IV0.89
Put-call1.27
Skew
Call/put IV balance
3 Aug 2026Balanced skew
Call IV0.62
Put IV0.63
Skew0.01
5 Aug 2026Balanced skew
Call IV1.08
Put IV1.06
Skew-0.02
7 Aug 2026Balanced skew
Call IV1.03
Put IV1.04
Skew0.01
10 Aug 2026Balanced skew
Call IV0.93
Put IV0.91
Skew-0.02
12 Aug 2026Balanced skew
Call IV0.92
Put IV0.91
Skew-0.01
Contract Tape
Most active contracts
ContractAMD260807P00270000
SidePut
Expiry7 Aug 2026
Strike270.00
Volume9793
OI141
IV1.54
ContractAMD260807P00080000
SidePut
Expiry7 Aug 2026
Strike80.00
Volume9510
OI8
IV3.83
ContractAMD260807P00075000
SidePut
Expiry7 Aug 2026
Strike75.00
Volume8550
OI14
IV3.97
ContractAMD260803P00425000
SidePut
Expiry3 Aug 2026
Strike425.00
Volume7173
OI315
IV0.78
ContractAMD260803P00450000
SidePut
Expiry3 Aug 2026
Strike450.00
Volume5575
OI1180
IV0.66
ContractAMD260803P00465000
SidePut
Expiry3 Aug 2026
Strike465.00
Volume3777
OI192
IV0.62
ContractAMD260803C00550000
SideCall
Expiry3 Aug 2026
Strike550.00
Volume3417
OI1905
IV0.73
ContractAMD260803C00500000
SideCall
Expiry3 Aug 2026
Strike500.00
Volume3350
OI998
IV0.61
Research Graph
Related research and context
Sharemaestro research
Related News
Market Watch
Advanced Micro Devices Inc (AMD) pullback tests a 42.5% 12-week surge22 Jul 2026 19:59
Advanced Micro Devices Inc (AMD) loses 11.1% in weekly reset for chip shares22 Jul 2026 00:29
Advanced Micro Devices Inc (AMD) rises 7.7% with weekly trend support intact16 Jul 2026 08:44
Advanced Micro Devices Inc. (AMD) cools after three-month semiconductor surge9 Jul 2026 12:25
Advanced Micro Devices Inc (AMD) weekly advance pauses after a sharp 12-week run8 Jul 2026 02:39
Advanced Micro Devices Inc (AMD) keeps momentum intact after a 166.0% 12-week climb25 Jun 2026 02:45
Earnings
Plain English Guide
Options context
What usually looks constructive
What usually looks cautious
Options can move quickly and can lose value fast. Treat this as research context, not a buy or sell instruction.