Advanced Micro Devices Option Alert: Fri $120 Calls Sweep (11) near the Ask: 341 @ $1.308 vs 35310 OI; Earnings 8/1 After Close [est] Ref=$116.69
Portfolio Pulse from Charles Gross
Advanced Micro Devices (AMD) has seen a sweep of 341 options for $120 calls expiring on Friday, near the ask price of $1.308. This is compared to an open interest of 35,310. AMD is expected to announce earnings on August 1st after market close. The reference price is $116.69.
July 17, 2023 | 3:30 pm
News sentiment analysis
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The sweep of $120 call options indicates bullish sentiment towards AMD, potentially in anticipation of positive earnings announcement on August 1st.
The purchase of call options indicates that investors expect the price of AMD to rise above $120 by Friday. This could be due to anticipation of a positive earnings announcement on August 1st. The high volume of these options compared to the open interest suggests a strong bullish sentiment.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100