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.
© 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