Looking At Advanced Micro Devices's Recent Unusual Options Activity
Portfolio Pulse from Benzinga Insights
Advanced Micro Devices (NASDAQ:AMD) has seen unusual options activity, with a bearish sentiment prevailing among deep-pocketed investors. Benzinga's tracking revealed 69 extraordinary options activities, with a price target range from $150.0 to $320.0. The market sentiment is divided, but leans more towards bearish with 63% of the activities. Notable options activity includes both calls and puts with varying sentiments and strike prices. AMD's current market performance shows a 1.14% increase in price at $200.65, with analysts giving mixed reviews and price targets ranging from $190 to $265.
March 12, 2024 | 3:16 pm
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Advanced Micro Devices has seen significant unusual options activity, indicating a bearish sentiment among investors. The stock's current performance and mixed analyst ratings suggest a cautious outlook.
The bearish sentiment among deep-pocketed investors, as indicated by the unusual options activity, suggests potential downward pressure on AMD's stock price in the short term. Despite the current slight increase in stock price, the mixed analyst ratings and the significant bearish options activity could lead to increased volatility and potential price declines.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100