AMD Long — AMD pulling back into gap support with heavy bullish Advanced Micro Devices, Inc.NASDAQ:AMDivvixSetup: On the 4h, AMD has been in a strong multi-week uptrend from the ~192 lows, making higher highs through 280 and now consolidating just below that level. The Apr 16 gap thrust from ~265 to ~280 established a new demand zone with the gap body holding as support through Apr 17 and into today. On the 1h, today's open ran to 280.45, rejected, and has been stepping down through the session — a clean intraday pullback into the gap-fill zone and the prior breakout shelf near 275-276. The current candle structure shows diminishing red candles with tails catching bids, consistent with a healthy digestion rather than a breakdown. Volume on the pullback is light relative to the gap thrust bars, confirming absorption. Flow: Bullish options sentiment dominates with a 5.1 call/put volume ratio and net bullish premium of ~$746K versus $231K bearish. The heaviest flow is concentrated in the 280C strikes across Apr 24 and May 1 expiries — traders are positioned for continuation through or above 280 this week. The Morgan Stanley agentic AI narrative is a fresh catalyst with direct AMD CPU/GPU read-through, and semis are leading the tape today. The 290C May 1 block adds a higher-conviction upside target expression. Plan: Stop is set below the gap-fill zone and the 272-273 area where the Apr 16 gap candle opened — a close below there would invalidate the thesis that the gap is holding as support. Target is the 285 level, which is the first significant options wall (7,000+ OI in the Apr 24 285C) and a natural extension of the measured thrust. TTL is set to allow for a drift into the level without chasing. 📍 Entry: 275.5 🛑 Stop: 272.5 🎯 Target: 285 ⚖️ R:R: 3.17