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Mixed options sentiment in Advanced Micro Devices with shares down 5.49%

Mixed options sentiment in Advanced Micro Devices (AMD), with shares down $12.79 near $220.10. Options volume nearly triple the daily average with 1.51m contracts traded and calls leading puts for a put/call ratio of 0.91, compared to a typical level near 0.5. Implied volatility (IV30) dropped 0.93 near 66.67, in the highest 10% of observations over the past year, suggesting an expected daily move of $9.24. Put-call skew steepened, indicating increased demand for downside protection, following an upgrade to Buy at DZ Bank.

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