AMAT (AMAT) options memo

The Read

AMAT is up 2.21% today at $539.14.

Options traders lean neutral into 2026-08-14, and neutral further out.

A move through the gamma flip level would change how dealers hedge this stock.

Key numbers

• Spot: $539.14
• Lean: neutral
• Nearest expiry: Fri 8/14
• Implied move: 8.3%
• ATM implied volatility: 157.8%
• Max pain: $540.00
• Pin strike: $550.00
• Dealer positioning: LONG GAMMA
• Call wall: $600.00
• Put wall: $450.00
• Put/call open interest: 1.418