Negative news on AMD further damage the stock price, pushed it through key support level and closed at 154.63 as of June 18th 2024.
Looking to enter a long vertical put strategy: Buy to Open 1 AMD Aug 16, 2024 155/135 Put Vertical @ $775.00
This is a bearish strategy with limited risk of $775.00 and limited potential reward of $1,225.00.
This strategy will profit if the stock closes below $147.25 by Aug 16, 2024.
There is a 42.43% probability this will happen.
http://dlvr.it/T8Sksw