This Is What Whales Are Betting On Advanced Micro Devices
Portfolio Pulse from Benzinga Insights
Deep-pocketed investors have adopted a bearish approach towards Advanced Micro Devices (NASDAQ:AMD), as revealed by Benzinga's options scanner. The scanner highlighted 38 extraordinary options activities, with 50% of the sentiment being bearish. The total trade value of puts is $3,677,257, while calls amount to $1,067,529. Analysts have mixed ratings on AMD, with target prices ranging from $175 to $200.
August 14, 2024 | 4:30 pm
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Deep-pocketed investors have shown a bearish sentiment towards AMD, with 50% of the options activity being bearish. The total trade value of puts is significantly higher than calls. Analysts have mixed ratings on AMD, with target prices ranging from $175 to $200.
The significant bearish sentiment among deep-pocketed investors, as indicated by the high value of puts compared to calls, suggests a potential short-term decline in AMD's stock price. However, mixed analyst ratings provide some counterbalance.
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IMPORTANCE 80
RELEVANCE 100