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) as indicated by unusual options activity. The sentiment among big-money traders is split between 47% bullish and 52% bearish. The whales have been targeting a price range from $50.0 to $220.0 for AMD over the last 3 months. The current price of AMD is $104.59, down by 0.69%.
September 12, 2023 | 3:31 pm
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Unusual options activity indicates a bearish stance on Advanced Micro Devices. The sentiment among big-money traders is split, with 52% being bearish.
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 fact that the current price of AMD is down by 0.69% further supports this analysis.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100