AMD Options Unusual Activity Show Massive Bets
AMD climbed about 2% Tuesday after the firm announced new Ryuzen PRO 8040 and 8000 chips to compete with Nvidia. The chips expanded the firm's commercial mobile and desktop "AI PC portfolio," the firm said in a release.
"AMD delivers the broadest portfolio of AI technologies to address the needs of modern business," Jack Huynh, SVP and GM of the Computing and Graphics Group at AMD, said. "Our latest PRO series processors set a new standard for premium computing experiences and help businesses deploy AI capabilities across their PCs with leadership performance and security."
$Advanced Micro Devices(AMD.US$ options were flying, landing the firm in its regular position within the top ten positions of all U.S. stocks. Investors traded 448K contracts on Tuesday, but two stood out for their sheer size.
At 3:32 PM EST, an AMD 140 Call changed hands with a premium of $8,01M. The contract, for a price of $26.69, gave the right to buy AMD at $140, with a current trading price of $163 a share.
The second unusual block trade dwarfed the first, a 200 Put option expiring at the end of the week at a premium of $31M.
Overall, AMD saw a Call:Put ratio of 63:37.
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SnakeMan : Those put options are up 25% in one day!