Investors with a lot of money to spend have taken a bearish stance on Advanced Micro Devices AMD.
And retail traders should know.
We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.
Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with AMD, it often means somebody knows something is about to happen.
So how do we know what these investors just did?
Today, Benzinga's options scanner spotted 8 uncommon options trades for Advanced Micro Devices.
This isn't normal.
The overall sentiment of these big-money traders is split between 37% bullish and 62%, bearish.
Out of all of the special options we uncovered, 5 are puts, for a total amount of $244,164, and 3 are calls, for a total amount of $204,601.
What's The Price Target?
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $120.0 to $130.0 for Advanced Micro Devices over the recent three months.
Volume & Open Interest Trends
In terms of liquidity and interest, the mean open interest for Advanced Micro Devices options trades today is 8803.2 with a total volume of 11,747.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for Advanced Micro Devices's big money trades within a strike price range of $120.0 to $130.0 over the last 30 days.
Advanced Micro Devices Option Activity Analysis: Last 30 Days
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| AMD | CALL | TRADE | BULLISH | 01/03/25 | $4.5 | $4.4 | $4.48 | $125.00 | $89.6K | 1.3K | 260 |
| AMD | CALL | SWEEP | BULLISH | 09/19/25 | $20.15 | $20.1 | $20.15 | $130.00 | $70.7K | 2.0K | 126 |
| AMD | PUT | SWEEP | BEARISH | 06/20/25 | $18.4 | $18.3 | $18.4 | $130.00 | $57.0K | 15.2K | 1.2K |
| AMD | PUT | SWEEP | BEARISH | 12/20/24 | $1.05 | $1.04 | $1.05 | $120.00 | $52.2K | 19.7K | 3.7K |
| AMD | PUT | SWEEP | BEARISH | 12/20/24 | $2.56 | $2.51 | $2.55 | $124.00 | $45.8K | 5.6K | 2.8K |
About Advanced Micro Devices
Advanced Micro Devices designs a variety of digital semiconductors for markets such as PCs, gaming consoles, data centers, industrial, and automotive applications. AMD's traditional strength was in central processing units and graphics processing units used in PCs and data centers. Additionally, the firm supplies the chips found in prominent game consoles such as the Sony PlayStation and Microsoft Xbox. In 2022, the firm acquired field-programmable gate array leader Xilinx to diversify its business and augment its opportunities in key end markets such as data center and automotive.
After a thorough review of the options trading surrounding Advanced Micro Devices, we move to examine the company in more detail. This includes an assessment of its current market status and performance.
Present Market Standing of Advanced Micro Devices
- With a trading volume of 2,175,517, the price of AMD is down by -1.67%, reaching $124.58.
- Current RSI values indicate that the stock is may be approaching oversold.
- Next earnings report is scheduled for 42 days from now.
What Analysts Are Saying About Advanced Micro Devices
Over the past month, 2 industry analysts have shared their insights on this stock, proposing an average target price of $167.5.
Unusual Options Activity Detected: Smart Money on the Move
Benzinga Edge's Unusual Options board spots potential market movers before they happen. See what positions big money is taking on your favorite stocks. Click here for access. * An analyst from Mizuho has decided to maintain their Outperform rating on Advanced Micro Devices, which currently sits at a price target of $180. * An analyst from B of A Securities downgraded its action to Neutral with a price target of $155.
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Advanced Micro Devices options trades with real-time alerts from Benzinga Pro.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
