AMD Options Are Pricing a ±$59 Move Into July 31 — Our Read Says Lower

Advanced Micro Devices, Inc., ticker AMD, closed the week at 522.24. Hold that number. Everything in this episode is measured against it. Our read into the July 31 expiration is leaning bearish. Not a conviction call. Overnight, the contracts traders actually left open went hard to the put side while the stock slipped below its 20-day average, and the single level that decides the week sits…

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