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.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on AMD:
- Amazon (AMZN) Stock Falls despite Surge in Trainium AI Chip Demand
- AI Daily: Gemini 3.5 Flash introduced at Google I/O
- Is Now the Right Time to Buy AMD Stock?
- Midday Fly By: Home Depot reports Q1 beat, Blackstone and Google form cloud JV
- Micron and SanDisk Stocks Fall, but One Top Analyst Sees Massive Upside Ahead
