Moderately bullish activity in Advanced Micro Devices with shares up 1.56%

Moderately bullish activity in Advanced Micro Devices (AMD), with shares up $1.98, or 1.56%, near $128.37. Options volume nearly triple the daily average with 857k contracts traded and calls leading puts for a put/call ratio of 0.43, compared to a typical level near 0.64. Implied volatility (IV30) is higher by 1.6 points near 42.13,and below the 52wk median, suggesting an expected daily move of $3.41. Put-call skew steepened, indicating increased demand for downside protection.