SHOCKING: Heavy put option activity in advanced micro devices implies amd stock is overvalued but is it - You Need To See This

Today, large volumes of short-term put options in Advanced Micro Devices (AMD) stock imply that it might be overvalued. But a closer look at its strong free cash flow (FCF) and FCF margins could lead to a higher AMD price target over the next year.

AMD is at $260.40 today, up today, despite lower tech prices in the same sector. Since the company released its Q3 earnings on Nov. 4, AMD has risen over 4% from $250.05.