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Barchart
Barchart
Mark R. Hake, CFA

Heavy Volume in Advanced Micro Devices Options Is a Bullish Signal

Advanced Micro Devices AMD Barchart

Heavy volume in out-of-the-money (OTM) put options in Advanced Micro Devices (AMD) is a bullish signal. Given the company's strong free cash flow (FCF) and analysts' revenue upgrades, the underlying value of AMD stock is much higher.

AMD is up almost 3% today at $142.54 per share. Last month, Advanced Micro Devices reported strong earnings and free cash flow results. I discussed this in a subsequent Barchart article, showing AMD could be worth $141 per share, up from $119 at the time.

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