AMD options strategies, priced on the real chain
$476.15Advanced Micro Devices · chain snapshot captured Aug 1, 2026
Semi-cycle beta with a liquid chain and IV that trades a clear 10–20 point premium to the index. It moves in sympathy with NVDA, which means correlated risk if you are short premium in both.
Every page below prices its structure against the August 28, 2026 expiry — 81% at-the-money implied vol, #2 of the 20 underlyings on this site. What moves AMD: earnings, data-center guidance, and NVDA's print two weeks either side.
10 strategies on AMD
One contract (or one 100-share lot) per structure, at-the-money template strikes on the August 28, 2026expiry. Breakevens and probability of profit come from OptionTracker’s engine.
Start here
- AMD covered callSell upside on shares you already own and get paid for the cap. · breakeven $454.65 (−4.5%)
- AMD cash-secured putGet paid to place a limit order below the market. · breakeven $414.3 (−13.0%)
- AMD iron condorSell a range, buy the wings, collect if the stock stays put. · breakeven $388.66 (−18.4%)
- AMD bull call spreadBuy a call, sell a higher one — cheaper upside with a ceiling. · breakeven $497.06 (+4.4%)
- AMD bull put spreadSell a put spread below the market: credit now, defined risk. · breakeven $429.43 (−9.8%)
- AMD long straddleBuy the call and the put — pay for a move in either direction. · breakeven $387.09 (−18.7%)
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