Advanced Micro Devices Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A significant amount of unusual options activity has been detected for Advanced Micro Devices (AMD), with a bearish stance being taken by a majority of investors. Of the spotted trades, 56% were bearish and 44% bullish. The whales have been targeting a price range from $50.0 to $115.0 for AMD over the last 3 months. The current price of AMD is down -1.14% at $106.02.
October 09, 2023 | 3:30 pm
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Advanced Micro Devices (AMD) has seen unusual options activity, with a majority of investors taking a bearish stance. The targeted price range by whales is between $50.0 and $115.0. The current price of AMD is down -1.14% at $106.02.
The unusual options activity, with a majority of investors taking a bearish stance, indicates a potential downward pressure on AMD's stock price in the short term. The current price is already down -1.14%, and the targeted price range by whales is between $50.0 and $115.0, which is lower than the current price. This could lead to a further decrease in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100