Smart Money Is Betting Big In AMD Options
Portfolio Pulse from Benzinga Insights
Financial analysts have observed a significant bearish trend in options trading for Advanced Micro Devices (NASDAQ:AMD), with a slight majority of traders showing bearish tendencies. Despite this, the volume and open interest in AMD's options suggest a target price range of $180.0 to $220.0. Recent analyst ratings have varied, with a consensus target price of $216.0, though opinions range from cautious downgrades to optimistic buys. AMD's current stock performance is stable, with an upcoming earnings announcement in 33 days.
March 28, 2024 | 2:00 pm
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AMD has seen a bearish trend in options trading, with analysts providing mixed ratings and a consensus target price of $216. The stock remains stable with an upcoming earnings announcement.
The bearish trend in options trading suggests caution among investors, but the mixed analyst ratings and the stable stock performance indicate a balanced outlook. The upcoming earnings announcement could be a pivotal moment for AMD's stock price, making the current situation nuanced with potential for both risk and reward.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100