Key insights
- An analyst opinion suggests AMD is in a bubble and recommends selling. The author of the post is shorting AMD via put options, anticipating a price decline to $350. This sentiment, while potentially impactful on AMD's stock, has a limited broader influence on the overall US equity market.
According to analysts, AMD and chip stock holders are in danger of wiping out half of their holdings and should sell.
I've been buying puts and it printed. Rolling them out to June. These analysts are the same ones you listened to when they said hold. Now they say panic and sell last minute so they can save face.after the crash. Will you be smart enough to listen? Or will you let them crash the market overnight while you're asleep and most of you can't even trade during extended hours.
I am personally going to keep buying puts til it hits 350 and then I'll hold cash for a while.
Source: https://www.barrons.com/articles/intel-stock-price-amd-arm-chips-dab3ed2a