Shares of Advanced Micro Devices AMD are trading sharply higher this morning on takeover speculation. AMD is currently up 4% or .27 to 7.17 on above average volume. The 7.18 level is proving to be intra day resistance with the 7.20 level i sights.
Options traders focused on the November 8 calls, trading nearly 13,000 contracts vs a few hundred in the 8 put line.
AMD
Day's Range: 6.94 - 7.19
52wk Range: 4.33 - 10.24
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