Information Technology

Advanced Micro Devices (AMD) options and signal

Figures as of 28 Sep 2026

AMD is Advanced Micro Devices, an Information Technology name the model ranks every trading day. The options figures are from the close on 28 Sep 2026. The model's figures are from 25 Sep 2026, one trading day behind the latest, as the Free plan shows them. Every model figure is paper trading.

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At a glance

Figure	Value	Date
Trade Card	Bear call spread, 18 Dec	25 Sep
IV rank	44 of 100	28 Sep
At the money IV	51.7%	28 Sep
Priced move to 30 Oct	14.8% down, 15.6% up	28 Sep
Call wall and put wall	Both 600	28 Sep
Signal and the desk's view	No signal, view bearish	25 Sep
Last close	607.87	28 Sep
Next report	3 Nov 2026	28 Sep

Trade Cards

On 25 Sep 2026 the Trade Card for AMD was a bear call spread expiring 18 Dec 2026, paper trading.

Figure	Value
Signal	Neutral
Strategy	Bear call spread, credit
Legs	Sell the 730 call, Buy the 830 call
Expiry	18 Dec 2026, 84 days to expiry
Limit	A credit of at least $18.78
Probability of profit	70%, the option market's odds at expiry, from delta
Max loss	$8,122 per contract
Max profit	$1,878 per contract
Breakeven	748.78
IV rank at that expiry	58 of 100

Probability of profit is the option market's own odds from delta, not the model's.

Priced on the option chain at the close on 25 Sep 2026.

Paper trading. The model's figures from 25 Sep 2026, one trading day behind, as the Free plan shows them.

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Options Snapshot

AMD's IV rank is 44 of 100 on 28 Sep 2026.

Figure	Value
IV rank	44 of 100
At the money IV	51.7%, near month, 32 days
Put/call ratio, open interest	0.66
Call open interest, strikes captured near the price	299,000 contracts
Put open interest, strikes captured near the price	196,000 contracts
Cost to trade at the money	Tight, 4.0% of the option's mid price

IV rank is where the at the money IV sits among AMD's own weekly readings, 0 the lowest and 100 the highest.

From the option chain at the close on 28 Sep 2026. Current on every plan.

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Priced Range

On 28 Sep 2026, AMD options priced a move of 14.8 percent down and 15.6 percent up by 30 Oct 2026.

Expiry	Days	Down	Up	Range
30 Sep 2026	2	3.4%	3.5%	586.97 to 628.87
2 Oct 2026	4	5.3%	5.4%	575.67 to 640.67
7 Oct 2026	9	8.2%	8.3%	557.87 to 658.07
16 Oct 2026	18	11.0%	11.3%	541.17 to 676.27
23 Oct 2026	25	13.4%	13.4%	526.57 to 689.07
30 Oct 2026	32	14.8%	15.6%	517.67 to 702.67
18 Dec 2026	81	24.5%	26.7%	458.87 to 769.87

The range is one standard deviation either side of the close of 607.87, as the option prices imply it.

A priced move restates option prices at the close and says nothing certain about where the price goes.

From the option chain at the close on 28 Sep 2026. Current on every plan.

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Gamma Map

On 28 Sep 2026, AMD's call wall and put wall are both at the 600 strike.

Figure	Value
Call wall, most open call gamma	600
Put wall, most open put gamma	600
Net dollar gamma, calls minus puts	$153.06 million
Total dollar gamma, both sides	$730.34 million
Close	607.87

Dollar gamma is stated for a one percent move in the price.

Net is calls minus puts under the standard convention, not a record of who holds the contracts.

Net gamma changes sign at 7 strikes, so no single flip strike is named.

From the option chain at the close on 28 Sep 2026. Current on every plan.

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Volatility History

On 28 Sep 2026, AMD's at the money IV is 51.7 percent against 20 day realized volatility of 56.2 percent.

Figure	Value
At the money IV	51.7%
Realized volatility, 20 trading days	56.2%
Realized volatility, 60 trading days	67.4%
IV against its own weekly record	In the middle
Weekly readings on record	865, from 8 Jan 2010
Weeks the price moved more than the one week priced move	34.9% of 252 weeks

Realized volatility is worked out from the daily closes the desk holds, not from the option chain.

From the option chain at the close on 28 Sep 2026. Current on every plan.

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Volatility Weather

On 28 Sep 2026, AMD's at the money IV runs from 45.0 percent at 2 days to 54.5 percent at 81 days.

Days to expiry	At the money IV
2	45.0%
4	49.8%
7	48.3%
11	49.3%
18	49.7%
32	51.7%
39	57.2%
81	54.5%

Far expiries price more volatility than near ones, an upward sloping term structure.

From the option chain at the close on 28 Sep 2026. Current on every plan.

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Volatility Smile

On 28 Sep 2026, at the 32 day expiry, AMD's IV ten percent below the price sits 1.9 points above at the money IV.

Strike area	Implied volatility	Against at the money
10% below the price	53.5%	+1.9 points
At the money	51.7%	0.0 points
10% above the price	53.4%	+1.7 points

From the option chain at the close on 28 Sep 2026. Current on every plan.

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Volatility Surface

On 28 Sep 2026, AMD's surface spans 11 expiries out to 81 days, with IV from 45.8 to 60.2 percent near the price.

Figure	Value
Expiries captured	11
Nearest expiry	30 Sep 2026, 2 days
Farthest expiry	18 Dec 2026, 81 days
Points within 10% of the price, 7 days out or more	235
Lowest IV among them	45.8%
Highest IV among them	60.2%

From the option chain at the close on 28 Sep 2026. Current on every plan.

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Expiry Ladder

On 28 Sep 2026, AMD has 11 captured expiries, from 30 Sep 2026 to 18 Dec 2026.

Expiry	Days	At the money IV	Call open interest	Put open interest
30 Sep 2026	2	45.0%	9,480	10,786
2 Oct 2026	4	49.8%	44,908	29,698
5 Oct 2026	7	48.3%	2,053	2,267
7 Oct 2026	9	54.9%	621	637
9 Oct 2026	11	49.3%	15,207	8,870
16 Oct 2026	18	49.7%	66,767	36,870
23 Oct 2026	25	50.2%	20,415	8,803
30 Oct 2026	32	51.7%	9,081	6,995
6 Nov 2026	39	57.2%	795	604
18 Dec 2026	81	54.5%	63,719	39,732

Open interest is summed over the strikes captured near the price on each expiry.

From the option chain at the close on 28 Sep 2026. Current on every plan.

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Strike Table

On 28 Sep 2026, AMD's largest open interest sits at the 600 strike, with 29,984 contracts across the captured expiries.

Strike	Call open interest	Put open interest	Total
600	19,236	10,748	29,984
500	9,304	12,980	22,284
550	10,527	9,163	19,690
700	16,174	2,984	19,158
630	15,590	3,097	18,687
400	5,526	12,770	18,296

From the option chain at the close on 28 Sep 2026. Current on every plan.

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Since Yesterday

From 25 Sep 2026 to 28 Sep 2026, AMD's at the money IV moved from 51.0 percent to 51.7 percent.

Figure	25 Sep	28 Sep	Change
At the money IV	51.0%	51.7%	+0.6 points
Open interest, strikes captured near the price	438,081	495,041	+56,960
Put/call ratio, open interest	0.54	0.66	+0.12

Open interest changes cannot identify buyers or sellers.

From the option chain at the close on 28 Sep 2026. Current on every plan.

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Changed Hands

On 28 Sep 2026, 374,886 AMD option contracts traded, 0.7 times its own recent average.

Figure	Value
Calls traded	179,252
Puts traded	195,634
Against its recent average	0.7 times
Busier than	12 of its last 20 trading days
Open interest, whole chain	2.4 million contracts
Volume to open interest	0.16
Unusual volume flag	Yes, 76 contracts traded well above open interest
Largest flagged contract	The 600 put expiring 30 Sep, 6,332 traded against 884 open

Traded volume and open interest are shown side by side and never combined. Open interest changes cannot identify buyers or sellers.

From the option chain at the close on 28 Sep 2026. Current on every plan.

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Positioning Replay

The replay holds 33 trading days of AMD's option positioning, from 11 Aug 2026 to 28 Sep 2026.

Date	Close	Net dollar gamma	Top call strike	Top put strike
11 Aug 2026	474.32	$21.63 million	500	450
21 Sep 2026	615.52	$301.52 million	600	500
28 Sep 2026	607.87	$153.06 million	600	600

Each frame restates one nightly capture. Net is calls minus puts, a convention, not who holds the contracts.

From the option chain at the close on 28 Sep 2026. Current on every plan.

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Read-out

On 25 Sep 2026 the desk's view of AMD was bearish, paper trading.

Figure	Value
Side	Bearish at 45 trading days, no signal
Level above the close	639.00, the swing high of 25 Sep 2026, a close past it runs against the view
Level below the close	526.79, the swing low of 9 Sep 2026
The chart	Sits against the view
Strategy family	Bear call spread (sell a call spread above the price)
Price target	None. The desk has no price model.

The levels are prices the shares turned at on the chart, with the date of each.

Paper trading. The model's figures from 25 Sep 2026, one trading day behind, as the Free plan shows them.

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Rank by Timeframe

On 25 Sep 2026 AMD sat at the 12th percentile of the model's 45 trading day ranking, paper trading.

Timeframe	Percentile	Side
10 trading days	70 of 100	Neutral
20 trading days	20 of 100	Neutral
45 trading days	12 of 100	Bearish

100 is the top of the ranking. A name in the middle three fifths is neutral.

Paper trading. The model's figures from 25 Sep 2026, one trading day behind, as the Free plan shows them.

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Timeframe Agreement

On 25 Sep 2026, 1 of 3 timeframes put AMD on the bearish side, paper trading.

Group	Timeframes	Side	On that side
Near	10 day, 20 day	Neutral	0 of 2
Long	45 day	Bearish	1 of 1

Paper trading. The model's figures from 25 Sep 2026, one trading day behind, as the Free plan shows them.

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Signal History

On 25 Sep 2026 AMD had carried no signal for 2 trading days, paper trading.

Trading day	Signal	45 day percentile
25 Sep 2026	None	12 of 100
24 Sep 2026	None	12 of 100
23 Sep 2026	Bearish	4 of 100
22 Sep 2026	Bearish	3 of 100
21 Sep 2026	Bearish	2 of 100
18 Sep 2026	None	6 of 100
17 Sep 2026	None	13 of 100
16 Sep 2026	None	11 of 100

Paper trading. The model's figures from 25 Sep 2026, one trading day behind, as the Free plan shows them.

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Sector Split

On 25 Sep 2026, 80 of 187 Information Technology names were bullish and 61 were bearish, paper trading.

Sector	Names	Bullish	Bearish	Neutral
Information Technology	187	80	61	46

Paper trading. The model's figures from 25 Sep 2026, one trading day behind, as the Free plan shows them.

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Price Chart

AMD closed at 607.87 on 28 Sep 2026.

Figure	Value
Last close	607.87
Change over 5 trading days	-1.2%
Change over 21 trading days	+27.5%
Change over 63 trading days	+12.7%
Change over 252 trading days	+276.9%
52 week high	639.00
52 week low	157.05
20 day moving average	535.22
50 day moving average	506.96
200 day moving average	366.68
RSI, 14 days	66

Worked out from the desk's own daily bars, adjusted for share splits.

From the daily bars through 28 Sep 2026. Current on every plan.

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Earnings Radar

AMD reports next on 3 Nov 2026, a date worked out from past quarters.

Figure	Value
Next report	3 Nov 2026, after the close
Date	Worked out from past quarters
Move after the report of 4 Aug 2026	-7.0%
Move after the report of 5 May 2026	+18.6%
Move after the report of 3 Feb 2026	-17.3%
Move after the report of 4 Nov 2025	+2.5%

Earnings calendar as of 28 Sep 2026. Current on every plan.

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Company Events

AMD filed 1 current report in the 14 days to 28 Sep 2026, the latest on 28 Sep 2026.

Filed	Report	What it covers
28 Sep 2026	Current report	Unregistered Sales of Equity Securities

Filings as of 28 Sep 2026. Current on every plan.

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Public Filings

2 of the 10 fund managers the desk tracks list AMD among the top holdings of their latest quarterly report.

Fund manager
Bridgewater Associates
ARK Investment Management

Every filing is reproduced as filed, and each one reaches the public days or weeks after the trade.

Filings as of 28 Sep 2026. Current on every plan.

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Short Volume

On 25 Sep 2026, 57.9 percent of AMD's reported volume at the covered venues was marked short.

Figure	Value
Short sale share, 25 Sep	57.9%
Five day average	54.2%
52 week median	48.9%
Short interest, share of shares outstanding	2.5% at the 15 Sep 2026 settlement
Days to cover	2.1

Short sale volume counts trades marked short at the covered venues, mostly off exchange. It is not the same as short interest.

Short volume as of 25 Sep 2026. Current on every plan.

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Seasonality

In the 36 Septembers on record, AMD's average change was minus 3.6 percent, and it rose in 33.3 percent of them.

Month	Average change	Middle change	Share of years up	Years
September	-3.6%	-4.8%	33.3%	36
October	+1.0%	-4.7%	44.4%	36
November	+10.6%	+12.0%	63.9%	36

Each figure is a month end to month end change in past years. A past month says nothing certain about the next one.

Monthly history through 28 Sep 2026. Current on every plan.

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Headlines

The desk's news feeds carried 7 headlines naming AMD in the 3 days to 28 Sep 2026.

Figure	Value
Headlines in the window	7
Latest	28 Sep 2026

The titles are in the Headlines window, with the time each was published.

Headlines as of 28 Sep 2026. Current on every plan.

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Questions

What is AMD's IV rank?: AMD's IV rank is 44 of 100 on 28 Sep 2026.
What move are AMD options pricing?: On 28 Sep 2026, AMD options priced a move of 14.8 percent down and 15.6 percent up by 30 Oct 2026.
Where are AMD's call wall and put wall?: On 28 Sep 2026, AMD's call wall and put wall are both at the 600 strike.
What was the latest Trade Card for AMD on the Free plan?: On 25 Sep 2026 the Trade Card for AMD was a bear call spread expiring 18 Dec 2026, paper trading.
When does AMD report earnings next?: AMD reports next on 3 Nov 2026, a date worked out from past quarters.

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