Share:
Advanced Micro Devices, Inc. (NASDAQ: AMD) shares dipped 1.95% on Tuesday, but at least one larger option trader is betting the stock is headed much higher in the long-term.
The AMD Trade: On Tuesday morning, Benzinga Pro subscribers received dozens of AMD option alerts, but two trades stood out as particularly large and bullish:
At 11:59 a.m., a trader bought 245 AMD call options with a $95 strike price expiring in June 2022 near the ask price at $24.75. The trade represented a $606,375 bullish bet.
One second later, a trader bought 514 AMD call options with a $95 strike price expiring in June 2022 near the ask price at $24.749. The trade represented a more than $1.27-million bullish bet.