On CNBC's Fast Money Halftime Report, Pete Najarian said he noticed a very bullish options activity in Advanced Micro Devices, Inc. AMD.
Traders bought around 6,000 contracts of the April 14.50 calls and they also sold around 17,000 downside puts in the first half of the trading session on Thursday. Najarian sees the activity as very bullish and he decided to buy the stock and sell calls against the long stock position.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in