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AMD Seen Facing Huge 20% Stock Swings Amid Earnings

AMD Seen Facing Huge 20% Stock Swings Amid Earnings

Advanced Micro Devices Inc. (AMD) stock already has fallen into a bear market, down 22% from its intraday high last month. The stock faces massive volatility in the coming weeks as options traders anticipate 20% gains - or declines - in the stock by the middle of November. Options trades indicate huge uncertainty about which way the stock will go. The long straddle options strategy for expiration on November 16 suggests that the stock could rise or fall by 20% from the $26 strike price.