Advanced Micro Devices’ stock made it onto Schaeffer Senior Quantitative Analyst Rocky White’s list of stocks with the highest weekly options trading volume.
Advanced Micro Devices Inc. (NASDAQ: AMD) Despite Raymond James raising his price target from $100 to $115, it fell 2.4% to $95.51. The company resumed reporting with a “strong buy” earlier this month.
Today’s rally saw AMD drop from a seven-month high on Friday. The stock is still above the 320-day moving average, but he broke above the 320-day moving average for the first time since June last week. Year-to-date equity capital he is up 47.5%.
Semiconductor names have been on the radar of options traders over the past few weeks. According to Schaeffer Senior Quantitative Analyst Rocky White’s list of stocks with the best weekly options over the past 10 days, AMD traded 3,099,477 calls and 2,597,830 puts during that time. bottom. The most popular contract during this period was the March 90 call.
Now might be a good time to consider options for the next move in securities. A 51% share in the 20th percentile of the annual range, according to AMD’s Schaeffer’s Volatility Index (SVI), is an attractive price right now.In addition, security Schaeffer Volatility Scorecard (SVS) scored 93 out of 100, meaning it beat options traders’ volatility expectations over the past year.