Goldman Sachs Downgrades $AMD; Trader Loses 144k
Advanced Micro Devices, Inc shares fell over 8% on Thursday following Goldman Sachs initiated coverage on the company placing a sell rating with an $11, 12-month target.
One trader turned to Reddit to share the losses his sustained. The posted screenshot in /wallstbets shows significant losses…
FlossPC on Reddit, was holding 710 21JUL17 15 Calls, 708 21JUL17 17 Calls, 750 20OCT17 18 Calls, and 627 19JAN18 20 Calls. AMD opened down .72, or 5 percent, and the calls lost significant value.
The trader commented defending his trade and told others that he would end up with even more gains by the end of the month.
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