930 September $8.00 Calls trade on AMD on Friday, and yet not one of the other months or strikes traded.The 930 calls amounts to 26% of the ENTIRE OPEN INTEREST.NAH, NO INSIDER TRADING HERE!!!
930 calls translates to 93,000 shares...thats meaningless.
Considering the direction of the calls. this is obviously investors selling covered calls.Check out the lower strick prices. Investors are covering themselves and expecting Amd to go lower.Smart strategy for those who understand these things.Nobody is buying at the money or out of the money calls. That would be bullish and there is no bullishness on Amd.