Technology · Semiconductors
AMD Implied Volatility, IV Rank & Options Chain
Advanced Micro Devices Inc. (AMD) options data: IV rank, options chain, GEX and Greeks. Comprehensive options market data for Advanced Micro Devices Inc.
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AMD options trade with implied volatility typically in the 30% - 75% range, averaging 1.5M+ contracts in daily volume with excellent liquidity. Next earnings: See earnings calendar. Weekly options and LEAPS are available.
AMD implied volatility
As of 2026-10-26As of 2026-10-26, AMD's 30-day implied volatility is 61.0%, placing its 1-year IV percentile at 35.0 — above 35.0% of the past year's daily IV readings, a middle range, neutral between selling and buying premium.
AMD live chain, Greeks and GEX
TerminalEvery figure above is reference data. The live AMD chain, its Greeks, the gamma profile and the flow tape update through the session inside the Terminal.
AMD options at a glance
- Daily volume
- 1.5M+ contracts
- IV range
- 30% - 75%
- Bid-ask spread
- $0.01 - $0.03 ATM
- Expirations
- Weekly, monthly, LEAPS
- Open interest
- 12M+ contracts
- Next earnings
- See earnings calendar
About Advanced Micro Devices Inc. (AMD)
Advanced Micro Devices (AMD) designs and manufactures CPUs, GPUs, and data center processors. The company competes directly with Intel in CPUs and NVIDIA in GPUs. AMD's MI series AI accelerators position the company as a key beneficiary of AI demand, though it remains second to NVIDIA in the AI chip market.
Company profile
- Sector
- Technology
- Industry
- Semiconductors
- Market cap
- $200B+
- Exchange
- NASDAQ
Key dates
- Next earnings
- See earnings calendar
- Earnings frequency
- Quarterly
- Dividend schedule
- None
- Fiscal year end
- December
AMD is the primary competitor to NVIDIA in GPUs and Intel in CPUs. The company's data center business has grown rapidly, and AI chip development (MI300 series) is a key growth driver.
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AMD options market overview
AMD options are extremely liquid with high retail and institutional participation. The stock's volatility and exposure to AI and semiconductor themes make it one of the most actively traded options.
- Average daily volume
- 1.5M+ contracts
- Total open interest
- 12M+ contracts
- Put/call ratio
- 0.55 - 0.80 typical
- Typical ATM spread
- $0.01 - $0.03 ATM
- Weekly options
- Available
- LEAPS available
- Yes
Liquidity assessment: Excellent
AMD options rank among the top 10 most liquid equity options. The stock's volatility and AI exposure drive massive trading activity.
AMD implied volatility and IV rank
AMD implied volatility is elevated due to semiconductor cyclicality, AI competition with NVIDIA, and the stock's historical volatility. Earnings volatility is significant.
Earnings impact
IV rises significantly before earnings. Data center revenue and AI chip guidance are key metrics. Post-earnings moves of 8-12% are not uncommon.
The move options are pricing for the next report, and how the last 12 went: AMD earnings expected move.
The post-earnings volatility drop is known as IV crush. Holders of short AMD options should also understand early assignment risk around dividends and expiration.
Historical volatility vs IV
AMD IV tends to trade at a premium to historical volatility given competitive dynamics and AI uncertainty.
Term structure
Often inverted around earnings due to high near-term uncertainty.
The smile, the term structure and the cone for AMD, on today's chain.
Open AMD in IV IntelligenceAMD gamma exposure (GEX)
Gamma Exposure (GEX) analysis for AMD shows significant dealer positioning that influences price action at key levels.
- Typical GEX profile. AMD gamma exposure is substantial given high options volume. The stock frequently transitions between positive and negative gamma regimes.
- Key levels. Major strikes form at $5 increments. Round numbers ($150, $175, $200) often have concentrated open interest.
- Dealer hedging. AMD dealer hedging can significantly amplify moves, particularly around earnings and AI-related news.
Where the gamma sits on AMD right now, strike by strike.
See live AMD GEXCommon AMD options strategies
These are strategies commonly used by traders on AMD options, based on typical market characteristics. This is not investment advice.
Key considerations for AMD options
- AI chip competition with NVIDIA is the primary narrative driver
- Data center GPU market share gains are closely watched
- Intel competition in CPUs affects PC and server segments
- No dividend means no early assignment risk from dividends
- High correlation with semiconductor sector (SMH) and NVIDIA
- Options premiums are expensive but often justified by realized volatility
AMD key events
Earnings months. January/February, April/May, July/August, October
- Product Launches (variable)
- AI/Data Center Announcements
- Tech Conferences (CES, Computex)
- NVIDIA Earnings (comparative catalyst)
AMD options data by API, or in Claude
Every number on this page is one request away. The implied volatility API returns AMD's IV rank and percentile, the gamma exposure API its dealer positioning by strike, and the chain API every strike with Greeks. Connected to the ApexVol MCP server, Claude, Cursor or ChatGPT can ask for them in plain English.
curl -H "Authorization: Bearer avmcp_YOUR_TOKEN" \
"https://apexvol.com/api/mcp/data/iv-rank/AMD"What is AMD's IV rank right now, and where is its gamma flip?
Claude calls get_iv_rank and get_gexTry GEX on AMD in the console, more prompts for AMD, or set the server up in Claude Desktop, Claude Code, Cursor or ChatGPT.
- Written by
- ApexVol Research Team
Quantitative options research. All calculations use live institutional-grade data — the same source professional volatility desks use. - Reviewed by
- Ryan Silk, ApexVol Founder
Reviewed for technical accuracy. 10+ years trading options; built ApexVol's pricing engine, Greeks model and IV-rank methodology.
Revised as market conditions and institutional data change. Last revised 2026-10-26. How we research →
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Questions
Frequently asked
about AMD options.
How liquid are AMD options?
AMD options are among the most liquid in the market, with average daily volume exceeding 1.5 million contracts. At-the-money options have spreads of $0.01-0.03, and open interest exceeds 12 million contracts.
What is AMD's typical implied volatility?
AMD implied volatility typically ranges from 30% to 75%. Normal conditions see IV between 40-55%. IV spikes significantly around earnings, often reaching 65%+ due to the stock's history of large moves.
How does AMD compete with NVIDIA?
AMD competes with NVIDIA in GPUs for gaming and AI/data center applications. AMD's MI300 series targets NVIDIA's dominant position in AI training chips. NVIDIA remains the market leader, but AMD is gaining share.
When does AMD report earnings?
AMD reports quarterly earnings in late January/early February, April/May, July/August, and October. Data center revenue and AI chip guidance are the most closely watched metrics.
Does AMD pay dividends?
No, AMD does not pay dividends. The company reinvests in R&D and growth. This simplifies options strategies as there's no early assignment risk from dividends.
What is AMD's earnings volatility?
AMD has significant earnings volatility, with post-earnings moves of 8-12% not uncommon. Implied moves are typically 7-10%, making earnings plays both expensive and potentially rewarding.
What affects AMD options pricing?
AMD options pricing is heavily influenced by AI chip competition, data center revenue, CPU market share, and semiconductor cycle positioning. NVIDIA's performance also affects AMD sentiment.
Are LEAPS available for AMD?
Yes, AMD LEAPS are available with expirations extending 2+ years into the future. Given the stock's volatility, LEAPS premiums are expensive but offer long-term semiconductor exposure.
What is AMD's gamma exposure (GEX)?
Gamma exposure (GEX) measures how options dealers' hedging of their net gamma position can influence AMD's intraday price action. AMD gamma exposure is substantial given high options volume. The stock frequently transitions between positive and negative gamma regimes. AMD dealer hedging can significantly amplify moves, particularly around earnings and AI-related news. Positive GEX tends to dampen volatility and create mean-reverting moves, while negative GEX can amplify swings. View live AMD GEX levels and the gamma-flip point on ApexVol.
What is AMD's IV rank?
AMD's IV rank shows where AMD's current implied volatility sits within its trailing 1-year range, scored 0–100. A reading near 100 means IV is near its yearly high — options are relatively expensive, which favors premium-selling strategies like credit spreads and iron condors. A reading near 0 means IV is near its yearly low, favoring premium-buying. AMD implied volatility typically ranges from 30% - 75%. Check AMD's live IV rank and percentile on ApexVol's IV analytics.
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