Lia Holmgren: AMD faces $600 resistance as put activity increases

Lia Holmgren: AMD faces $600 resistance as put activity increases
AMD sees resistance as put flow rises

AMD reached a high of $594 on Thursday before dropping 8.8% on Friday, hitting a low of $520 and closing at $534, with the $600 GEX wall acting as resistance. Lia Holmgren noted increased put flow and hedging at the $550 strikes for November 20.

Lia Holmgren previously raised the possibility of management changes at Nvidia, suggesting Ian Buck as a potential CEO candidate in recent commentary. She has also reported on Oracle's plans to sell $10 billion in common stock at an 11 percent discount, as detailed in a past article. These updates come as Holmgren continues to track developments across major tech names.

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