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Today, there is heavy and unusual trading volume in put and call options for Advanced Micro Devices (AMD). This could be due to the recent Saudi buy commitment, and highlights the underlying value of AMD stock.
AMD stock is up 5% in midday trading to $119.02. This is well up from its recent low of $78.21 on April 8, but still down from a 6-month peak of $143.99 on Dec. 4, 2024.