AMD stock is up over 260% in 12 months, sitting near all-time highs heading into earnings. But unusual options activity tells a different story -- $4.2 million in bearish put flow, both trades hitting the ask aggressively before the print. Options trading around AMD earnings is complex: the data shows the implied move is pricing around 8%, and recent semiconductor names like Intel and Qualcomm blew through their expected moves to the upside. Kathy Wood sold over $700 million of AMD ahead of earnings and HSBC downgraded to hold. Morgan Stanley raised their target. The signal is mixed and the setup is worth watching either way. Helpful links: tastylive: tastylive.com FREE tasytlive Newsletters: info.tastylive.com/newsletters FREE Options Strategy Guide: tinyurl.com/bp9ms763 Follow tastylive on X (Twitter): x.com/tastyliveshow CHAPTERS: 00:00 AMD Up 260% in 12 Months - The Setup Heading Into Earnings 00:33 Intel Sympathy, AI Compute Demand, MI 400 ...