Option traders moderately bearish in Advanced Micro Devices with shares down 1.59%

Option traders moderately bearish in Advanced Micro Devices (AMD), with shares down $1.76 near $108.95.Options volume roughly in line with average with 156k contracts traded and calls leading puts for a put/call ratio of 0.76, compared to a typical level near 0.59. Implied volatility (IV30) is higher by 0.9 points near 45.37,and below the 52wk median, suggesting an expected daily move of $3.11. Put-call skew steepened, indicating increased demand for downside protection.

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