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On CNBC's "Options Action", Dan Nathan spoke about unusually high options activity in Advanced Micro Devices, Inc. AMD.
See Also: Analyst: Bitcoin Mining Will Mean Less For Semis In 2018, AMD Is More Exposed Than Nvidia
One relatively large trade caught his attention Wednesday. A trader bought 2,000 contracts of the July 10 puts for $1. The trade breaks even at $9 or 16.90 percent below the current market price.
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