Traders price an 8.5% post-earnings move for AMD, with key option strikes at $400 and $500 amid mixed sentiment.
Advanced Micro Devices (AMD) will report second-quarter 2026 earnings on August 4 after markets close, with options markets pricing an 8.5% move in either direction. The implied trading range spans $440.39 to $522.67, reflecting uncertainty over AI-driven growth momentum.
Near-term trading shows stronger call buying, though outstanding positions slightly favor puts, signaling downside protection. The $500 call and $400 put hold the highest open interest, highlighting key price levels for traders.
Investors are closely monitoring whether AMD can sustain its AI performance, a critical factor for the stock’s near-term trajectory.