Option traders moderately bearish in Advanced Micro Devices (AMD), with shares down $5.64 near $162.94. Options volume roughly in line with average with 585k contracts traded and calls leading puts for a put/call ratio of 0.62, compared to a typical level near 0.57. Implied volatility (IV30) is higher by 1.0 points near 40.21,in the bottom quartile of the past year, suggesting an expected daily move of $4.13. Put-call skew steepened, indicating increased demand for downside protection, following an upgrade to Buy at Truist.
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:
- Buy/Sell: Wall Street’s top 10 stock calls this week
- Broadcom Stock Has Been Flying. Does AMD Still Have More Room to Run?
- Morning News Wrap-Up: Friday’s Biggest Stock Market Stories!
- AMD Stock Dips as U.S. Government Invests $5.7B In Rival Chipmaker
- Nvidia Sounds Alarm on Trump’s China Chip Fee amid Ongoing Negotiations