Pete Najarian Sees Unusual Options Activity In Advanced Micro Devices, Inc. - Advanced Micro Devices (NASDAQ:AMD)

CNBC Fast Money's Pete Najarian spoke on the show about high options volume and bearish activity in

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Advanced Micro Devices, Inc.

(NYSE: AMD). He said that the stock has recently hit 52 week low and it is still trading close to it. Last week it traded lower on the weakness in the sector and on bad earnings report that the company has posted. It is not surprising that the put buying has increased on Wednesday, thinks Najarian. There was one particularly big trade on Wednesday as on trader bought 5,000 contracts of the November weekly 2.50 for $0.11. Najarian is not in this trade, but it seems to him that the stock is going lower.