Options Market Statistics: AMD Rallies Nearly 9% After Analysts See GPU Rebound Ahead
$Advanced Micro Devices(AMD)$ had active options trading, with a total trading volume of 1.41M options for the day, and the put-call ratio is 0.48.
Advanced Micro Devices (AMD) shares surged nearly 9% on Monday after Piper Sandler analysts boosted their price target, driven by confidence in AMD's recent product debut.
The analysts expect AMD's GPU business to recover in the fourth quarter, as the company will have absorbed the majority of the $800 million in expenses linked to new U.S. licensing rules restricting semiconductor exports to China and other regions.
There was a noteworthy activity in $Advanced Micro Devices(AMD)$ , with $126 puts topping the highest volume to open interest ranking. The highest volume over open interest ratio reaches 114.1x with 28,294 contracts.
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