**TL;DR:** Down 3.4% on AI narrative shakeup. Trading at mid-band. GEX shows Call Wall at $350, Put Wall at $310. Expected move ±10.37% but history says AMD moves smaller than implied.
heres the GEX (its free and real-time on moomoo) setup:
* **Gamma Flip:** around $212.50 (way below)
* **Call Wall:** $350
* **Put Wall:** $310
current price $323 is sitting **below** the Call Wall ($350) but above Put Wall ($310). thats neutral-negative gamma territory. Put Wall at $310 is the first real floor. break that and next support is $300.
Call Wall at $350 is still far – not in play unless we get a massive rip.
**Earnings are May 5 (Tuesday after close).** checking the moomoo earnings move tool – historically, AMD actual moves tend to be smaller than implied volatility. the IV/HV spread has been wide. so options might be pricing in more drama than actually happens.
**bottom line:** AI narrative took a hit. GEX says $310 is support. earnings in 6 days. what r u guys doing? lemme copy.