AMD closed at USD 480.93, up 0.37%.
The notable options flow featured a single put sale valued at $25,500 on the 425.00 strike expiring in 2026, showing a willingness to collect premium far below the current price. The trade reflects moderate bullish confidence rather than defensive hedging, with traders positioning for continued strength in AMD shares over the long term.
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Options Indicators
AMD’s implied volatility is 57.41%, while its IV percentile stands at 29.48%, which suggests current option volatility is sitting toward the lower end of its recent range and options are relatively cheaply priced rather than expensive. With the IV/HV ratio at 0.81, implied volatility is also running below historical volatility, reinforcing the view that premium levels are not stretched and that the market’s forward volatility pricing remains fairly subdued.
The Call/Put volume ratio is 1.72.
Large Trades
A PUT sale worth $25,500 targeted the 425.00 strike expiring on 2026-08-28, with 1,500 contracts traded. With AMD referenced at $480.93, this put was out of the money, making the trade a moderately bullish income-oriented position. By selling downside protection below the current stock price, the trader appears to be expressing confidence that AMD will stay above 425.00 into expiration, while collecting premium and indicating willingness to take on shares at a lower effective entry level if assigned.
Overall, the large-trade flow points to a bullish stance on AMD. The only displayed block was an out-of-the-money put sale, which typically reflects constructive sentiment rather than defensive positioning, suggesting the trader is comfortable with near-term downside risk and expects the stock to remain firm above the chosen strike.
Strategy Reference
For a lower assignment probability, a seller could consider the 400.00 strike put expiring in 2026, while those seeking defined risk may prefer a bull put spread using the 425.00/400.00 strikes to limit margin requirements.