Unpacking the Latest Options Trading Trends in Advanced Micro Devices
Portfolio Pulse from Benzinga Insights
Recent options trading trends for Advanced Micro Devices (NASDAQ:AMD) show a bearish sentiment among investors, with 58% of trades being bearish. The trading activity suggests a price range of $135.0 to $195.0 for AMD over the next three months. Significant options trades have been detected, with a mix of bearish, neutral, and bullish sentiments. AMD's stock is currently up by 0.43%, with an average analyst target price of $205.0. The company is known for its digital semiconductors used in various applications, including PCs, gaming consoles, and data centers.
April 25, 2024 | 2:46 pm
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Advanced Micro Devices has seen a bearish trend in options trading, with a significant volume of trades predicting a price range of $135 to $195. The stock is currently performing well, and analysts have set a higher target price of $205.
The bearish sentiment in options trading contrasts with the current positive stock performance and optimistic analyst target prices. This mixed signal could lead to short-term volatility as the market digests the various inputs, including the upcoming earnings report.
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IMPORTANCE 90
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