AMD earnings moves
Advanced Micro Devices · Completed sessions through October 30, 2026
Pre-report straddle / stock close
Absolute change through the reaction close
Comparable earnings reactions
Implied range. Actual reaction.
7 of 8 reports comparedAll rows use the same scale. Dates identify the reaction session. A dot outside the band means the one-session reaction exceeded the straddle’s full move to expiration.
The history behind the comparison
Implied pricing and actual moves use the same starting close.
| Measurement window | Implied move | Actual move | Range used |
|---|---|---|---|
| August 05, 2026From August 04, 2026 close | ±7.74%Expiry August 05, 2026 | -7.04%Opening gap -6.57% | 0.91×Within implied move |
| May 06, 2026From May 05, 2026 close | ±8.84%Expiry May 08, 2026 | +18.61%Opening gap +15.26% | 2.11×Beyond implied move |
| February 04, 2026From February 03, 2026 close | ±8.51%Expiry February 06, 2026 | -17.31%Opening gap -11.20% | 2.03×Beyond implied move |
| August 06, 2025From August 05, 2025 close | ±8.29%Expiry August 08, 2025 | -6.42%Opening gap -5.31% | 0.77×Within implied move |
| May 07, 2025From May 06, 2025 close | ±8.14%Expiry May 09, 2025 | +1.76%Opening gap +2.16% | 0.22×Within implied move |
| February 05, 2025From February 04, 2025 close | ±8.74%Expiry February 07, 2025 | -6.27%Opening gap -9.95% | 0.72×Within implied move |
| October 30, 2024From October 29, 2024 close | ±8.14%Expiry November 01, 2024 | -10.62%Opening gap -7.96% | 1.30×Beyond implied move |
1 of 8 events were not compared: 1 with no usable pre-report option pair. Unavailable events are excluded from the averages and count above.
How this comparison is measured
A before-open announcement uses the prior session’s close; an after-close announcement uses that day’s close. The reaction ends at the next regular-session close. Unclear or during-session announcement times are not scored.
The implied move is the call midpoint plus put midpoint at the paired strike nearest the starting stock close, divided by that close. We use the nearest available expiration covering the reaction, no more than 14 calendar days away. Quotes must be two-sided, reasonably narrow and consistent with the stock price.
The option expiration can extend beyond the reaction session. The comparison shows how much of the straddle’s implied range earnings used, not the accuracy of a one-day forecast. Midpoints are not guaranteed trade prices, and these percentages are not option returns.
This history is reconstructed from archived quotes and completed-event dates, rather than a record of forecasts published before each announcement. Missing quotes and inconsistent price bases remain unscored. Averages use absolute moves and only the comparable events shown; small samples do not establish a trading edge.
About straddles and their expiration payoffsBefore and after the report
Earnings IV crush history
4 of 8 events compared
Did implied volatility fall after earnings? Follow the same call and put across the announcement. Declines, increases and unchanged readings all count.
Relative to pre-report IV
After IV minus before IV
Comparable events, not a trade win rate
Same contracts. Two observations.
Annualized implied volatilityNegative change means IV fell. For example, 60% to 40% IV is −20 percentage points, or a −33.33% relative change. All bars use the same scale.
4 events excluded from the IV comparison
- August 05, 2026 IV pricing inputs differ from regular-session prices
- May 06, 2026 IV pricing inputs differ from regular-session prices
- February 04, 2026 IV pricing inputs differ from regular-session prices
- November 05, 2025 No usable option pair
Excluded events do not enter the statistics. The usable sample can differ from the price-reaction comparison.
How the IV history is measured
Before the report, we select the expiration closest to 14 calendar days away, with at least seven days remaining after the reaction and no more than 35 days from the starting close. We select the paired strike nearest that close and follow those exact call and put contracts through the reaction session.
Each reading is the simple average of the two contracts’ archived IV values. Both legs need positive, uncrossed quotes with a spread no wider than 50% of their midpoint. Their stored underlying prices must be within 0.5% of the corresponding regular-session close, and the pair’s price relationship must be consistent with that close. Missing or inconsistent observations stay unscored; we do not switch contracts to fill a gap.
These are end-of-day observations, not the immediate announcement reaction. The strike stays fixed as the stock moves, so its moneyness changes. Time remaining and other market conditions also change. This history does not isolate earnings’ effect, measure an option return or predict the next report. IV increases and unchanged readings are included in the statistics.
Understand IV crush