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Advanced Micro Devices put buyer realizes 31% same-day gains

Notable profits for the buyer who lifted the $11.90 offer for 1,499 Advanced Micro Devices (AMD) 5/22 weekly 420 puts yesterday at 13:45ET when underlying shares were trading at $422.50. Shares closed at $414.05, and the puts at $15.57 for a mark-to-market profit of 31%, or $550K, on the $1784K outlay.

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