Advanced Micro Devices's Options Frenzy: What You Need to Know
Portfolio Pulse from Benzinga Insights
Advanced Micro Devices (NASDAQ:AMD) has seen a notable bearish sentiment in its options trading, with 61% of trades showing bearish tendencies compared to 38% bullish. The trading activity suggests investors are targeting a price range of $145.0 to $175.0 for AMD over the next three months. The analysis of options activity, including both calls and puts, indicates a mix of sentiments with significant trades aiming at various strike prices and expirations. AMD's current market status shows a slight decrease in stock price to $162.95, with an earnings announcement expected in 15 days. An analyst from Susquehanna maintains a Positive rating on AMD with a price target of $200.
April 15, 2024 | 1:46 pm
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Advanced Micro Devices shows a bearish options trading trend but maintains a positive outlook from analysts with a target price of $200. The stock's slight decrease and upcoming earnings announcement add to its watchability.
The bearish sentiment in options trading contrasts with the positive analyst outlook, suggesting a complex market perception. The upcoming earnings announcement could be a pivotal moment for AMD's stock, potentially justifying the analyst's high target price or validating the bearish options sentiment.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100