AMD Short Call — Sep 18, 2026
Trade Setup
Current Stock Price
$476.15
Entry Price
$1020.00
Target Price
$510.00
Stop Loss
$2040.00
Expiration
Sep 18, 2026
Suggested Contracts
1
Strike Details
Sell 650C
Risk / Reward
Max Loss
$130000.00
Max Profit
$1020.00
Analysis
AMD (Advanced Micro Devices, Inc. - Common Stock) presents a short call opportunity with very elevated implied volatility. IV Rank 77. IV 5777.0% trades 1861.0pp above 30-day HV (3916.0%). This setup favors net premium sellers.
Sell the $650 call for $10.20 credit. Naked single-leg exposure; collect premium from time decay if AMD stays below the strike. Underlying ~$491.71, 49 DTE. Max profit $1020 per contract, max loss $130000, 0.8% return on risk, 84% POP. Breakeven at $660.20.
Management: take profit at ~50% of max profit ($510). Cut at 2x credit ($2040 loss). If short strike is breached with > 14 DTE, consider rolling out for a credit. Close before expiration week to avoid gamma risk.
Setup Instructions
Underlying: AMD @ ~$476.15 Expiration: Sep 18, 2026 (49 DTE) Net credit (entry): ~$1020.00 per spread Legs:
- Sell AMD Sep 18, 2026 $650 Call (delta 0.16, mid $10.20)
Use limit orders at the mid or slightly worse. Verify bid-ask spread (currently ~6.9% of mid) before sending.
Management Plan
Take profit at 50% of max profit ($510). Cut loss if position reaches 2x credit received ($2040 loss). Roll if tested with > 14 DTE remaining.