macro

AMD ahead of earnings: options imply a move of about 7% in either direction

Options pricing points to an expected post-earnings move in AMD of about 7.7% either way, with results due Tuesday after the close, per Seeking Alpha.

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what happened

Advanced Micro Devices will report third-quarter results on Tuesday after the market closes, according to Seeking Alpha. Analysts expect earnings of $1.94 per share on revenue of $13.09 billion.

The company's shares rose more than 5% in afternoon trading. Options data show the at-the-money straddle for Friday's expiration pricing in a move of about 7.69% in either direction. At the current price of $492.04, the options market points to a range of roughly $454.21 to $529.87 after the results.

Positioning leans defensive in the October 30 weekly options: open interest in the $90 put is the highest among near-term puts, and the put/call open interest ratio stands at 0.93. Overall sentiment, however, skews bullish, with 108,058 call contracts against 100,514 put contracts, according to the report.

why it matters

The options market is already pricing in notable volatility for AMD and, possibly, for sentiment across the chip sector. The range derived from options reflects what traders expect, not a forecast. The actual reaction will depend on reported profit, revenue and the company's commentary.

market impact

AMD and chip stocks: high volatility expected around the earnings report

tags

instruments

AMD ↗AMD options

sources

  1. AMD expected to move 7% following earnings, options markets indicate — Seeking Alpha, 3 November 2026 at 18:43 UTC

prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.

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