Looking At Advanced Micro Devices's Recent Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A significant bearish stance has been taken on Advanced Micro Devices (NASDAQ:AMD) by a large investor, as indicated by unusual options activity. The sentiment among these big-money traders is split between 30% bullish and 69% bearish. The whales have been targeting a price range from $90.0 to $135.0 for AMD over the last 3 months. The current price of AMD is down -1.85% at $106.22. Several financial institutions have given their ratings and price targets for AMD.
August 22, 2023 | 3:31 pm
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Unusual options activity indicates a significant bearish stance on AMD. The sentiment among big-money traders is 69% bearish. The current price of AMD is down -1.85% at $106.22.
The unusual options activity and the bearish sentiment among big-money traders indicate a potential downward pressure on AMD's stock price in the short term. The current price of AMD is already down, which aligns with this bearish sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100