AMDAdvanced Micro Devices
Options Analysis Report•SEMICONDUCTORS & RELATED DEVICES
Market Cap $526.9B|NASDAQ
● 2026-04-30$354.49
NEUTRAL
Analysis: 2026-04-29 EOD data
1Y +266.8%YTD +58.6%7D +16.1%
Options Vol
609,676
30D
Implied Move
±21.3%
IV Rank
87%
AMD Options Overview
IV is elevated. Conditions favor premium sellers.
REWARDS
RISK ANALYSIS
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Value
Is IV priced right?
3.1
ExpensiveCheap
Measures whether options are cheap, fair, or rich relative to historical and peer
IV
levels.Risk Checks4/9 checks passed
IV Rank
≤35%IV Rank 94.9% — elevated vs history
IV/HV Ratio
<1.05xIV/HV 1.21x — IV premium over HV
Sector Relative≤50%
Sector percentile 85% — above sector median
Term Structure
<1.1xFront/Back 1.39x — backwardation
Skew Normal
<1.25xPut/Call IV 1.16x — elevated
Absolute IV
<80%ATM IV 72.6% — normal range
Spread-Adjusted Value
<80%Effective IV 78.0% (ATM 72.6% + spread 2.7% + bias) — fair
Execution Efficiency
<3.0%Total drag 4.12% (spread 2.70% + slippage 1.42%) — high friction
Vega Efficiency
≥5.0Vega efficiency 156.75 (vega 42.322 / spread 2.70%) — efficient
Sentiment
Bullish or bearish?
6.0
BearishBullish
Analyzes
put/call ratios
, open interest skew
, and flow direction to determine market bias.Risk ChecksNeutral - Very weak signal (Conviction: +2%, Raw: +3%)
Flow Direction
|net sentiment| ≥25%Conviction-weighted: +2% (neutral) — Raw: +3%
OI Skew Magnitude
≥15%|OI skew| 2.6% — balanced
Volume-OI Alignment
Same sign, |vol skew| ≥10%Vol skew +33.4%, OI skew -2.6% — divergent (opposite)
Conviction Quality
≥2/3 conditions0-DTE 66%, far-OTM 15%, avg DTE 30
OI Momentum
|change| ≥3%OI change +0.0% (5d) — stable
Smart Money Flow
|weighted flow| ≥20%ITM: +1%, ATM: -1%, OTM: +5% — neutral (ITM/ATM divergent)
Sector Relative≤40% or ≥60%
Sector P/C percentile 31% — bullish vs sector
Activity
Unusual activity?
4.7
QuietActive
Detects volume surges,
block trades
, and unusual options activity that may signal moves.Risk Checks2/9 checks passed
Volume Surge
≥1.5xVolume 0.9x avg — normal
Turnover Rate
≥15%Vol/OI 18.7% — high turnover
Strike Concentration
≥60%Top 3 strikes = 50% — dispersed
Multi-Day Persistence
≥2 days1 day(s) elevated — may be one-day event
OI Build
≥5%OI change +3.3% (5d) — building
Sector Relative≥60%
Sector activity percentile 86% — very active vs sector
Trade Quality
≥30%Large trade volume 18% — mixed
Execution Urgency
≥60%Aggressive execution 45% — patient
Flow Conviction
≥30Conviction +2 (bullish) — mixed
Liquidity
Can I trade efficiently?
7.2
IlliquidLiquid
Evaluates
bid-ask spreads
, volume depth, and open interest for trade execution quality.Risk Checks5/8 checks passed
Tradeable Spread
≤5.0%Spread 2.7% — acceptable
Adequate OI
≥10,000OI 3,262,942 — deep
Active Volume
≥500Volume 609,676/day — active
Reasonable Cost
≤$0.50$0.14 to cross — cheap
Strike Coverage
≥5 strikes1 liquid strikes — limited options
Sector Relative≤40%
Sector spread percentile 85% — much wider than sector
Order Book Depth
≥100 contractsDepth 273.2 contracts (bid:138.6 ask:134.6) — adequate
Execution Quality
<1.0%Avg slippage 1.42% — fair
Timing
Is now a good time?
7.5
RiskyFavorable
Considers earnings proximity,
time decay
, and event calendar for optimal entry timing.Risk Checks7/9 checks passed
Term Structure Clarity
|slope| ≥5%Slope +38.9% — backwardation
IV Percentile Clarity
<30 or >70IV percentile 95% — seller opportunity
Event Detection
≥10pts kinkIV kink 20.5pts — event priced
Theta/Vega Clarity
<0.5 or >2.0θ/ν ratio 106.95 — favors income trades
Expiration Distribution
≥3 expirations5 liquid expirations — flexible
Event Risk
≥60% (safe)caution advised: Earnings in 5d (elevated risk)
Spread Momentum
<1.2 ratioSpread ratio 1.00x — stable
Flow Momentum
≥25% strength + ≥50% consistencyFlow +2% @ 51% consistency — unclear
Smart Money Timing
≥40 composite scoreScore 48 (ITM 20% + inst 18%) — moderate institutional
Directional Strategy Fit
Option Buyers
Long Calls5.4
bullishIV expensive, bullish flow
Long Puts4.7
bearishIV expensive, bullish flow
Premium Sellers
Cash-Secured Put6.7
bullishIV rich premium, bullish flow
Covered Call6.0
bearishIV rich premium, bullish flow
For educational purposes only. Not investment advice.