Moderately bullish activity in Advanced Micro Devices (AMD), with shares up $1.82, or 1.16%, near $158.81. Options volume relatively light with 479k contracts traded and calls leading puts for a put/call ratio of 0.51, compared to a typical level near 0.54. Implied volatility (IV30) dropped 0.23 near 49.83,and above the 52wk median, suggesting an expected daily move of $4.99. Put-call skew flattened, suggesting a modestly bullish tone.Looking ahead: Advanced Micro Devices (AMD) will report earnings after the close on None.Option markets are pricing in a 50% probability of a move greater than 0.0% or $0.00.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on AMD:
- Morning News Wrap-Up: Monday’s Biggest Stock Market Stories!
- AMD Stock Gets a Price Target Boost from Citi’s Top Analyst Ahead of Q2 Earnings
- AMD Stock Rallies as Bernstein Analyst Raises Price Target
- AMD price target raised to $140 from $95 at Bernstein
- ‘Only the Beginning,’ Says Investor About AMD Stock