Looking At Advanced Micro Devices's Recent Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A large bearish position on Advanced Micro Devices (NASDAQ:AMD) has been spotted, with 62% of big-money traders being bearish and 37% bullish. Whales have been targeting a price range of $85 to $113 for AMD over the last 3 months. The stock is currently up 2.25% at $110.43.
May 23, 2023 | 2:18 pm
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A large bearish position has been spotted on AMD, with 62% of big-money traders being bearish and 37% bullish. The stock is currently up 2.25% at $110.43.
The large bearish position indicates that a significant number of big-money traders expect AMD's stock price to decline in the short term. This could be due to various factors such as market sentiment, technical indicators, or upcoming events. The fact that 62% of these traders are bearish suggests that there is a higher probability of the stock price going down in the short term.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100