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AMD 25Δ put IV is 70.1% vs 25Δ call IV 69.5% — measuring downside protection cost.
Advanced Micro Devices — 25Δ put/call IV ratio, 60-day trend, and earnings inflation
Advanced Micro Devices (AMD) operates in the Information Technology sector and has actively traded listed options. The 25-delta put IV reads 70.1% versus 25-delta call IV at 69.5%, a difference of +0.6pp. The chain is currently showing put skew (downside strikes priced richer), which describes how implied volatility distributes across strikes rather than where the underlying is heading. AMD strategy builder.
AMD skew reads as flat — 25Δ put IV (70.1%) and 25Δ call IV (69.5%) sit close together; the model classifies this as a balanced downside-vs-upside-demand regime.
Volatility skew measures how the options market prices downside protection (puts) compared to upside (calls). When 25-delta puts cost more than 25-delta calls, the market is paying a premium for hedging — a signal worth understanding before selling premium.
Skew is not a direction predictor. Steep skew can persist for months in calm markets, and flat skew can occur right before a crash. Combine with VRP and IV Rank for context.
See AMD's 60-day skew trend, peer comparison, and full smile shape.
Skew shifts often reveal changing downside demand and hedging pressure. AMD's 60-day trend shows when options-market positioning is shifting.
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Skew shows how much more the options market is paying for downside protection (puts) vs upside (calls). When 25Δ puts cost meaningfully more than 25Δ calls, hedging demand is elevated.
Steep put skew shifts the model to a higher tail-risk regime where naked positions carry more drawdown sensitivity than defined-risk structures.
Skew Ratio = 25Δ Put IV ÷ 25Δ Call IV. Buckets: Flat (<1.05), Normal (1.05–1.15), Elevated (1.15–1.30), Steep (>1.30).ORATS 30-day delta-25 put IV and delta-25 call IV (and ex-earnings variants when within 14 days of an earnings event)
ORATS institutional options data, 60-day rolling history from orats_summaries; updated daily after market close (~6:00 PM ET)
Wave 1 uses static thresholds (1.05/1.15/1.30) — Wave 2 will calibrate per-ticker percentiles. Skew measures positioning and the cost of downside protection, NOT directional prediction. Steep skew can persist for months in calm markets, and flat skew can occur right before a crash.
Advanced Micro Devices's 25-delta put IV is 70.1% versus 25-delta call IV at 69.5%, a difference of +0.6pp. The chain is currently pricing put implied volatility above call implied volatility, which describes how implied volatility distributes across strikes rather than how the underlying is expected to move.
Advanced Micro Devices's put and call IV are close together — 25-delta put IV at 70.1% versus 25-delta call IV at 69.5%, a difference of +0.6pp. The chain is not pricing strong asymmetry today. Strike selection across the chain reflects a more symmetric view of risk between downside and upside than is typical for equity options.
Skew sets the relative IV — and therefore the relative premium — across strikes. With Advanced Micro Devices's current skew regime, short-put premiums collect more, while put spreads cost more on the long-put side. The strategy comparison view shows how this changes the risk and credit profile of common structures across put-side, call-side, and combined wings.
Advanced Micro Devices is currently showing put skew — 25-delta put IV is above 25-delta call IV. The 25-delta put IV is 70.1% versus the 25-delta call IV at 69.5%, a difference of +0.6pp.
Quantitative screening, not investment advice. Verify with your broker. Disclaimer
Yes — on an implied-volatility basis, Advanced Micro Devices's 25-delta puts are priced richer than 25-delta calls (put IV 70.1% vs call IV 69.5%). This is the more common configuration for equity options and reflects steady demand for downside protection.
Put skew describes a chain configuration where 25-delta put IV is above 25-delta call IV. For Advanced Micro Devices, it means the options market is pricing downside strikes at richer implied volatility than upside strikes. Put skew is a pricing observation about the chain, not a directional forecast — it is common for equity options to carry persistent put skew regardless of expected price direction.
Neither — skew describes the chain's pricing of relative downside vs upside IV, not the expected direction of the underlying. Advanced Micro Devices's skew can stay steep for months in calm markets or flatten right before a sharp move. Treat skew as positioning context for strike-level pricing, not as a price-direction signal.
Skew sets the relative IV across strikes, which translates into relative premium. With Advanced Micro Devices's current regime, short-put strikes collect richer premium, while put spreads carry a higher long-leg cost. The same dollar credit on different sides of the chain represents different risk profiles when skew is steep.