Option traders moderately bearish in Advanced Micro Devices with shares down 1.59%

Option traders moderately bearish in Advanced Micro Devices (AMD), with shares down $1.76 near $108.95.Options volume roughly in line with average with 156k contracts traded and calls leading puts for a put/call ratio of 0.76, compared to a typical level near 0.59. Implied volatility (IV30) is higher by 0.9 points near 45.37,and below the 52wk median, suggesting an expected daily move of $3.11. Put-call skew steepened, indicating increased demand for downside protection.

Confident Investing Starts Here:

• Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions

• Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter

Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. >;elm:context_link;itc:0;sec:content-canvas" href="https://thefly.com/?utm_source=finance.yahoo.com&utm_medium=referral" rel="nofollow noopener" target="_blank">Try Now>>

>;elm:context_link;itc:0;sec:content-canvas" href="https://www.tipranks.com/screener/top-smart-score-stocks/?type=stockAnalysisLanding&utm_source=finance.yahoo.com&utm_medium=referral" rel="nofollow noopener" target="_blank">See today’s best-performing stocks on TipRanks >>

Read More on AMD:

Disclaimer & DisclosureReport an Issue

• AMD Will Be as ‘Aggressive as Possible’ to Challenge Nvidia

• Sanmina price target raised to $95 from $87 at BofA

• Intel Stock (NASDAQ:INTC) Slips as AMD Steps Up at Computex

• Wall Street Backs Dell’s AI Strategy with Buy Ratings

• AMD’s Growth Potential and Strategic Positioning Drive Buy Rating Amid AI Market Opportunities