Advanced Micro Devices Inc (AMD) posted strong Q2 growth and robust operating and free cash flow margins. That has led to a higher stock price today. Interestingly some large, unusual put options trades are now in-the-money. AMD stock is up $5.78 or +4.28% at $144.38 per share in mid-day trading on July 31. Yesterday the company released its Q2 earnings results, showing +8.88% higher revenue on a Y/Y basis, and up 7% on a Q/Q basis. The market likes this as the revenue and strong operating profits are powered by strong demand from AI-driven data center sales. AMD said its data center sales wer…