AMD Stock - Unusual Stock Options Activity in Out-of-the-Money Puts - a Bullish Sign

Traders are piling into out-of-the-money (OTM) put options of Advanced Micro Devices (AMD) stock. This comes from Barchart's Unusual Stock Options Report today. It is actually a bullish sign as traders shorting these puts believe that the stock won't likely fall to this OTM strike price.

The Report comes after Advanced Micro Devices just reported its Q2 results on Aug. 1. The results were somewhat disappointing. Revenue was flat from the prior quarter and down 18.3% from a year ago.