Advanced Micro Devices Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A significant bullish stance has been taken on Advanced Micro Devices (NASDAQ:AMD) by a large investor, as noticed by Benzinga's options scanner. The scanner spotted 12 uncommon options trades for AMD, with a split sentiment of 58% bullish and 41% bearish. The whales have been targeting a price range from $70.0 to $140.0 for AMD over the last 3 months. The price of AMD is currently down -1.84% at $94.29, and the next earnings are expected to be released in 5 days.
October 26, 2023 | 3:48 pm
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A large investor has taken a bullish stance on Advanced Micro Devices (AMD), with 12 uncommon options trades spotted. The target price range is $70.0 to $140.0. The current price is down -1.84% at $94.29, and earnings are expected in 5 days.
The bullish stance taken by a large investor indicates a positive outlook for AMD. The uncommon options trades and the target price range suggest that there is significant interest in the stock. However, the current price is down, which may be a temporary setback. The upcoming earnings release could potentially influence the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100