Advanced Micro Devices Unusual Options Activity For September 07
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 44% bullish and 55% bearish. The whales have been targeting a price range from $100.0 to $180.0 for AMD over the last 3 months. The price of AMD is currently down -1.78% at $107.34.
September 07, 2023 | 3:02 pm
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A large investor has taken a bearish stance on Advanced Micro Devices, indicating potential downward pressure on the stock.
The unusual options activity indicates that a large investor is expecting the price of AMD to decrease. This could put downward pressure on the stock as other investors may follow suit.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100