Market Overview

Dan Nathan Sees Unusual Options Activity In Advanced Micro Devices


Dan Nathan spoke on CNBC's Options Action about unusually high call options trading in Advanced Micro Devices, Inc. (NASDAQ: AMD). Call options volume was five times higher than the put options volume and the most active were the April expiration calls.

Nathan noticed that a trader sold to close 29,000 contracts of the April 7 calls and he or she bought to open 29,000 contracts of the April 10 calls for $1.09. The trade breaks even at $11.09 or 27.62 percent higher from the closing price on Tuesday. Nathan thinks a lot of things have to go right for Advanced Micro Devices in order for the stock to continue to trade higher.

Posted-In: CNBC Dan Nathan Options ActionOptions Markets Media


Related Articles (AMD)

View Comments and Join the Discussion!
Lightning Fast
Market News Service
$199 Free 14 Day Trial
Book A Demo
Learn How You Can Succeed In The Market With Benzinga Pro

Fastest Market News

Real-Time News Alerts

Customizable News Filters

Book A Demo

AUD/USD Little Higher, Australian Construction Output Falls

Fast Money Traders Reveal Their Picks At Market Highs