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Advanced Micro Devices, Inc. (AMD) has recently seen significant trading activity, highlighted by a $15.6 million in-the-money call option purchase. This transaction, which was executed above the ask price and is set to expire in February, indicates a strong bullish sentiment among traders. Analysts are currently observing AMD's stock price, with some identifying $126.22 as a potential interim bottom. There are expectations for the stock to recover above $130, with targets set at $133. The put/call ratio for AMD stands at 180,000 puts to 426,000 calls, further reflecting the prevailing optimism among investors.
