Advanced Micro Devices's Options Frenzy: What You Need to Know
Portfolio Pulse from Benzinga Insights
Advanced Micro Devices (NASDAQ:AMD) has seen a significant uptick in options activity, with a bullish sentiment from deep-pocketed investors according to Benzinga's tracking. The options scanner revealed 66 extraordinary activities, with a split sentiment of 51% bullish and 48% bearish. Notable trades include calls and puts with strike prices ranging from $140 to $290. AMD's current trading volume is 32,199,324, with a slight price increase of 0.37% to $191.76. Analyst ratings over the past month suggest an average target price of $214, with varying recommendations from Overweight to Buy.
March 18, 2024 | 4:16 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Advanced Micro Devices has witnessed a notable increase in options activity, indicating potential significant price movements. The stock is currently up, with analysts setting an average target price of $214.
The substantial options activity, especially the bullish sentiment among investors, suggests a positive outlook for AMD's stock price in the short term. The analyst ratings further support this view, although the mixed sentiment (51% bullish, 48% bearish) and the wide range of strike prices indicate some uncertainty. The current slight increase in stock price and the anticipation of an earnings announcement could contribute to short-term volatility.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100