Options trading on AMD into earnings with implied volatility at 108% is not a time to buy premium blindly. AMD stock is up over 200% in a year, heading into the print near all-time highs with massive call skew and there is a specific way to use that skew to build a trade with no downside risk. The broken wing butterfly uses the call skew to your advantage: you sell a wide call spread to finance a tighter long call spread, collect a small credit, and participate in an upside move while keeping zero risk if the stock drops. This is the Options Math Check breakdown of what the options are pricing and how to play it. 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 Setup: 200%+ Run Heading Into Earnings 00:32 AMD in SMH - Biggest Semiconductor ETF Holding 00:38 Historical Earning...