AMD GEX Today — Gamma Flip & Key Levels
As of Fri 18 Sep 2026 close · all expirations
- Spot
- 558.75
- Gamma flip
- 486.2213.0% below spot
- Regime
- Positive gamma
- Positive peak (P1)
- 600.00
- Negative peak (N1)
- 410.00
- Max pain
- 532.5023 Sep 2026 expiry
- Net GEX
- +332.5M
AMD is in positive gamma: the gamma flip at 486.22 is 13.0% below spot (558.75). Above the flip, dealers are long gamma and tend to dampen moves. The top positive gamma peak (P1) is at 600.00 (+7.4% from spot), where dealer hedging tends to stabilize price. The top negative gamma peak (N1) is at 410.00 (-26.6% from spot), a volatility trigger rather than support. The flip moved -1.1% since the previous snapshot (491.87 → 486.22).
AMD GEX levels — last 14 snapshots
| Snapshot | Spot | Gamma flip | P1 | N1 | Regime |
|---|---|---|---|---|---|
| 18 Sep 16:02 ET | 558.75 | 486.22 | 600.00 | 410.00 | Positive |
| 17 Sep 16:04 ET | 545.05 | 491.87 | 550.00 | 410.00 | Positive |
| 16 Sep 16:08 ET | 513.22 | 480.20 | 530.00 | 410.00 | Positive |
| 15 Sep 16:09 ET | 504.45 | 476.74 | 530.00 | 410.00 | Positive |
| 14 Sep 16:14 ET | 493.56 | 471.98 | 530.00 | 410.00 | Positive |
| 11 Sep 16:00 ET | 515.97 | 470.99 | 530.00 | 410.00 | Positive |
| 10 Sep 16:00 ET | 503.44 | 466.52 | 520.00 | 410.00 | Positive |
| 9 Sep 16:00 ET | 521.09 | 461.14 | 530.00 | 410.00 | Positive |
| 8 Sep 16:00 ET | 505.62 | 455.44 | 500.00 | 440.00 | Positive |
| 4 Sep 16:00 ET | 477.45 | 455.37 | 500.00 | 440.00 | Positive |
| 3 Sep 16:00 ET | 456.07 | 461.04 | 470.00 | 440.00 | Negative |
| 2 Sep 16:00 ET | 456.47 | 461.59 | 470.00 | 440.00 | Negative |
| 1 Sep 16:00 ET | 459.75 | 463.20 | 500.00 | 440.00 | Negative |
| 31 Aug 16:00 ET | 470.12 | 463.22 | 500.00 | 440.00 | Positive |
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About AMD options GEX
Advanced Micro Devices designs processors and graphics chips, and like NVIDIA it is a semiconductor company, so news about the chip industry can move both stocks. AMD options are American-style, settle by delivery of shares and carry weekly expirations as well as the monthly third-Friday contracts.
This page combines every listed AMD expiry into a single net GEX profile and highlights the gamma flip, the strongest positive peaks, the strongest negative peaks and max pain, with a 30-day heatmap underneath.
The most useful way to read AMD is alongside NVDA. When a chip-sector headline hits, both stocks tend to move together, but the reaction in each depends on its own gamma regime. If both are below their flips, dealer hedging in both names pushes the same way and a sector move can snowball. If AMD sits in positive gamma while NVDA is in negative gamma, AMD may lag the move and stall near its P1. A new peak forming in both profiles at the same time usually points to sector-wide positioning rather than a view on one company.
Figures are taken from end-of-day open interest in the latest available report and published after the US close, so they stay fixed through the following session.
FAQ
How are AMD options exercised and settled?
AMD options are American-style, so they may be exercised at any time before expiry, and settlement takes place through the delivery of AMD shares.
Why compare AMD GEX with NVDA GEX?
Both are semiconductor companies, so news about the chip industry can affect both stocks at once. Seeing each stock's regime side by side shows whether dealer hedging in the two names is more likely to dampen a shared move or amplify it.
What does the AMD gamma flip show?
The flip is the AMD price at which the estimated net gamma of dealers changes sign. Above it, hedging tends to lean against price changes; below it, hedging tends to follow them and can make moves larger.
When do AMD levels update?
Once each trading day. They are computed after the US close from end-of-day open interest across all listed AMD expirations, as shown in the most recent available report.
Levels are derived from end-of-period options open interest and are published once a day. Educational information, not investment advice.