Adding More Earnings Vol

Put/call ratios in the gutter = cheap spreads

Put hate is rampant, and why not? No cops on the beat in early summer, call buyers winning every day, holiday imminent etc. The put/call ratio is drilling pretty deep here:

So a couple simple trades, with the premise being to own the implied volatility of the earnings reaction timeframe on the cheap by selling nearer dated puts. In the first case, AMD $1…