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Mixed options sentiment in Advanced Micro Devices with shares down 1.95%

Mixed options sentiment in Advanced Micro Devices (AMD), with shares down $5.05 near $254.59. Options volume relatively light with 419k contracts traded and puts leading calls for a put/call ratio of 1.13, compared to a typical level near 0.66. Implied volatility (IV30) dropped 2.32 near 62.97,in the top quartile of the past year, suggesting an expected daily move of $10.10. Put-call skew flattened, suggesting a modestly bullish tone.The company will report earnings after the close today. Option markets are pricing in a 50% probability of a move greater than 7.66% or $19.50.

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