AMD Shares Rally Premarket and Hit 2.17 Call/Put Ratio Since April
AMD•Option buyers placed 2.17 calls per put on the technology hardware sector since early April, making AMD one of the top ten stocks by buy-to-open volume in a group that returned 38% on average. AMD shares also rose in premarket alongside Intel and Marvell ahead of Nvidia’s quarterly results.
1. Elevated Call Buying Activity
Since early April, option buyers have targeted the technology hardware sector with a 2.17 buy-to-open call/put ratio, the highest in over a year. AMD ranked among the top ten stocks by volume in this group, which achieved an average return of 38% during that period.
2. Premarket Rally Ahead of Nvidia Earnings
AMD shares gained in premarket trading alongside Intel and Marvell as semiconductor stocks rebounded from recent profit-taking. The move reflects anticipation of Nvidia’s quarterly results and continued strength in AI infrastructure spending.
