Unusual Options Activity: Advanced Micro Devices (AMD)

Trader bets on 50 percent decline in shares over the next year.

  • Free: The Top 5G Stocks To Buy Now
  • At least one trader is betting on a massive decline in Advanced Micro Devices (AMD) between now and June 2020.

  • Special: This Market is Growing at the Fastest Rate Since 2006
  • On Monday, over 7,000 contracts traded on a June 2020 $15 put option for AMD. With a prior open interest of 466, this represents a fifteen-fold surge in volume. Shares currently trade around $34, implying a downside of over 50 percent for these put options to move in-the-money in the next 375 days.


    • The Time to Invest in 5G Is NOW

      Happy Woman Holding Phone AT&T has just become the first carrier to offer 5G coverage.

      Sprint's 5G network is live in Phoenix, New York City, Washington, D.C., and Los Angeles.

      T-Mobile has flipped the 5G switch in six cities...

      And Verizon has launched its 5G network in 13 cities.

      Nearly a decade in the making, 5G is finally here...

      And just ONE stock is your No. 1 chance to profit from the 5G revolution.

      Details HERE...

    Advanced Micro Devices is a quintessential Silicon Valley company. Operating in computing and graphics processes, its chips and processors are found in just about any product that needs one, from computers to medical imaging and self-driving cars.

    Shares hit a new 52-week high on Monday, and are up 16-fold over the past three years, which may explain the bullish bet. Over its long operating history, the company has seen other price spikes higher before significant drops.

  • Special: FREE – The 11 EV Stocks You Need in Your Arsenal
  • Action to take: AMD shares are certainly volatile, and perception in recent quarters have been towards a supply glut of computer components. However, a pullback to $15 would indicate a far bigger pullback in the overall market than seems warranted right now. The better bet would to try and pick up shares in the mid-to-high $20 range.