Spotlight on Advanced Micro Devices: Analyzing the Surge in Options Activity
Portfolio Pulse from Benzinga Insights
Advanced Micro Devices (AMD) has seen a surge in options activity, with 53 unusual trades identified. The majority of these trades are bullish, with a significant focus on call options. The predicted price range for AMD is between $95 and $310. The stock is currently trading at $159, up 1.44%, and may be approaching overbought territory.
September 24, 2024 | 5:01 pm
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Advanced Micro Devices (AMD) is experiencing a notable increase in options activity, with a bullish sentiment prevailing among traders. The stock is currently trading at $159, up 1.44%, and is predicted to have a price range between $95 and $310. The RSI indicates potential overbought conditions.
The article highlights a significant increase in options activity for AMD, with a majority of trades being bullish. This suggests positive sentiment among traders, which could lead to a short-term price increase. The current trading price and RSI indicators also support this outlook.
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