### Comment:
Im assuming a big drop in the implied volatility of the stock, considering that's what happened here with AMD. High IV = High contract prices

### REPLY:
Meaning investors are thinking something like, “if the stock only moved after earnings by 5%, which is low for a stock that swings wildly, then there is little chance of it changing enough in either direction to hit strikes, so any far out of the money go down exponentially”.. something like that?

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