Advanced Micro Devices Option Alert: Aug 18 $150 Calls Sweep (20) near the Ask: 440 @ $0.61 vs 8545 OI; Ref=$116.93
Portfolio Pulse from Charles Gross
Advanced Micro Devices (AMD) has seen a sweep of 440 calls for August 18 at $150, near the ask price. The reference price is $116.93. The open interest for this option is 8545.
August 04, 2023 | 9:45 am
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A sweep of 440 calls for AMD at $150 for August 18 has occurred near the ask price. This could indicate bullish sentiment among investors.
A sweep of call options indicates that an investor or group of investors are expecting the price of the stock to rise. In this case, the investors are expecting AMD's stock price to rise above $150 by August 18. This could lead to increased buying pressure on the stock, potentially driving the price up in the short term.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 100