Advanced Micro Devices Inc (AMD)

[HailMary]

I'm surprised by today's low volume and small trading range. Very odd for options expiration. We should have been seeing more activity from the option exercisers. This flat activity indicates they are holding their newly acquired long (call exercise) and short (put exercise) positions instead of trading them away. Perhaps monday will have a flood of volume from over the weekend exercises. If all the exercisers immediately closed their new positions and no other factors were at work on the stock, the stock would trend towards max pain (imbalance of buyers/sellers), but this did not happen. As it sits today for Dec options, there are in the money put options covering over 4 million shares, and in the money call options covering only .5 million shares. This is a pretty significant imbalance.