A couple of bearish trades in the chip sector: Advanced Micro (AMD) is down 12 cents to $4.81 and one player buys 17K Jan10 puts at the $4 strike for an average of 24 cents. 19K now traded. It might close. Open interest is 21K. A few minutes before that, the Intel (INTC) Jan11 12.5 – 22.5 risk reversal trades at 76 cents, 4200. The investor sold calls, bought puts. INTC is up a penny to $19.23.

2 users commented on " Advanced Micro Devices Inc (AMD) $4.78 -3.04% "
Follow-up comment rss or Leave a Trackbackouch… sold calls bought puts on INTC – not good.
yes, bearish. a lot of fear today. VIX is off the charts.