Market Whales and Their Recent Bets on AMD Options
Portfolio Pulse from Benzinga Insights
Investors have shown a bullish stance on Advanced Micro Devices (NASDAQ:AMD) through recent options trading, with a mix of bullish and bearish sentiments. Benzinga's options scanner revealed 31 unusual trades, with a majority being calls. The trades suggest an expected price window for AMD between $75.0 to $180.0. Notable options activity includes both bearish and bullish trades with expiration dates in 2024. AMD's current stock price is up by 0.97%, reaching $171.0, with a high trading volume and a potential overbought RSI indication. AMD's next earnings report is scheduled in 81 days.
February 09, 2024 | 3:16 pm
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Advanced Micro Devices has seen significant options trading activity, indicating a bullish sentiment among investors, with an expected price window between $75 and $180. The stock is currently up, trading at $171, with a high volume and potential overbought RSI.
The bullish stance by investors, as evidenced by the options trading activity, suggests confidence in AMD's future performance. The significant volume of calls over puts, along with the current stock price increase, supports a positive short-term impact. However, the potential overbought RSI could introduce volatility.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100