Advanced Micro Devices Inc (AMD) $7.62 -1.17%
Advance Micro (AMD) loses 12 cents to $7.59 and two 10,000-contract blocks (20,000 total) of Jan $10 calls traded at 32 cents when the market was 29 to 32 cents. Looks like buyer and possibly closes. Open interest is 78,782 and currently the biggest position in the chipmaker. Separately, a 4,000-contract block of Jun 7 puts traded a four cents on ISE and is an opening customer buyer, according to ISEE data. AMD saw increased options yesterday as well (see 6/7 color). Meanwhile, shares are in the midst of a 6-day 12.6 percent losing streak. Next earnings release is expected around Jul 20.
Category: All Stocks, Mid Cap Stocks, Semiconductors
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About the Author (Author Profile)
Frederic Ruffy is a well-known trader, writer, and strategist who has spent years educating investors and creating intelligent, insightful, unbiased market observations that are frequently cited by the Wall Street Journal and other financial publications. As senior analyst, Fred provides frequent and regular notes and daily updates for activity of interest.
