Advanced Micro Devices Unusual Options Activity For October 11
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 overall sentiment of these big-money traders is split between 39% bullish and 60% bearish. The whales have been targeting a price range from $98.0 to $135.0 for AMD over the last 3 months. The price of AMD is currently down -1.0% at $107.92.
October 11, 2023 | 4:16 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, particularly the bearish stance taken by a large investor, could indicate that there is information about AMD that could negatively impact its stock price. This could put downward pressure on the stock in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100