Spotlight on Advanced Micro Devices: Analyzing the Surge in Options Activity
Portfolio Pulse from Benzinga Insights
Advanced Micro Devices (NASDAQ:AMD) has seen a surge in options activity, with 61 uncommon trades spotted by Benzinga's options scanner. The sentiment among big-money traders is mixed, with 54% bullish and 32% bearish. The trades include both puts and calls, targeting a price range of $110 to $200. Analysts have given mixed ratings, with target prices ranging from $176 to $200.
June 24, 2024 | 5:31 pm
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Advanced Micro Devices (NASDAQ:AMD) has experienced a significant increase in options activity, with 61 uncommon trades detected. The sentiment is mixed, with 54% bullish and 32% bearish. Analysts have given mixed ratings, with target prices ranging from $176 to $200.
The surge in options activity indicates heightened interest and potential volatility in AMD's stock. The mixed sentiment among traders and analysts suggests uncertainty, but the overall bullish sentiment and high target prices indicate a positive outlook in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100