Replies to post #91198 on Advanced Micro Devices Inc (AMD)

[up_and_down16]

Have you seen the huge put volume on AMD today on the $1.5 and $2 strike prices for both Oct and Jan? Traded over 25000 contracts today alone. Any idea what is going on? Is it someone buying protection or are they betting that AMD goes BK?

I think AMD has a lot of time before it goes BK. At least 6 quarters, IMHO. Can some folks enlighten us all as to what is going on here.

Cheers............