Looking At Advanced Micro Devices's Recent Unusual Options Activity
Portfolio Pulse from Benzinga Insights
Unusual options activity has been observed for Advanced Micro Devices (NASDAQ: AMD), with a bearish stance taken by a large investor. Benzinga's options scanner spotted 74 uncommon options trades, with 36% bullish and 63% bearish sentiment. The targeted price range for AMD over the last 3 months is $40 to $130.
May 19, 2023 | 7:16 pm
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A large investor has taken a bearish stance on Advanced Micro Devices (NASDAQ: AMD) with unusual options activity. The overall sentiment is 36% bullish and 63% bearish, targeting a price range of $40 to $130.
The unusual options activity, with a majority bearish sentiment, indicates that a large investor is expecting AMD's stock price to decline in the short term. This could potentially influence other investors and traders, leading to a negative impact on AMD's stock price.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100