Advanced Micro Devices Options Trading: A Deep Dive into Market Sentiment
Portfolio Pulse from Benzinga Insights
Benzinga's options scanner revealed significant options trading activity on Advanced Micro Devices (NASDAQ:AMD), with over 10 transactions valued at $427,007. The market sentiment for AMD options is concentrated between $110.0 and $125.0 strike prices. The largest trades were bullish call sweeps, except for one bearish call sweep. AMD's stock is slightly down at $119.78, with potential overbought signals. Analysts have varying ratings, with a consensus target price of $119.6. The most bullish target is $130 by Wedbush, while the most conservative is $98 by Truist Securities.
November 17, 2023 | 3:16 pm
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AMD sees significant options activity with a focus on $110-$125 strike prices. Stock price is slightly down and may be overbought. Analysts' target prices range from $98 to $130, with a consensus at $119.6.
The options activity indicates a bullish sentiment among traders, but the stock is currently near the upper end of the predicted price range and may be overbought, which could limit short-term upside. Analysts' ratings are mixed, suggesting uncertainty in the stock's direction.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100