Check Out What Whales Are Doing With AMD

Whales with a lot of money to spend have taken a noticeably bearish stance on Advanced Micro Devices.

Looking at options history for Advanced Micro Devices AMD we detected 77 trades.

If we consider the specifics of each trade, it is accurate to state that 35% of the investors opened trades with bullish expectations and 50% with bearish.

From the overall spotted trades, 33 are puts, for a total amount of $2,121,030 and 44, calls, for a total amount of $3,727,344.

Projected Price Targets

After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $100.0 and $310.0 for Advanced Micro Devices, spanning the last three months.

Volume & Open Interest Trends

Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.

This data can help you track the liquidity and interest for Advanced Micro Devices's options for a given strike price.

Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Advanced Micro Devices's whale activity within a strike price range from $100.0 to $310.0 in the last 30 days.

Advanced Micro Devices Option Volume And Open Interest Over Last 30 Days

Significant Options Trades Detected:

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.

Having examined the options trading patterns of Advanced Micro Devices, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance

Advanced Micro Devices's Current Market Status

• With a trading volume of 34,794,559, the price of AMD is down by -5.49%, reaching $115.15.
• Current RSI values indicate that the stock is may be approaching oversold.
• Next earnings report is scheduled for 18 days from now.

Professional Analyst Ratings for Advanced Micro Devices

3 market experts have recently issued ratings for this stock, with a consensus target price of $132.33333333333334.

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20-year pro options trader reveals his one-line chart technique that shows when to buy and sell. Copy his trades, which have had averaged a 27% profit every 20 days. Click here for access. * Maintaining their stance, an analyst from Morgan Stanley continues to hold a Equal-Weight rating for Advanced Micro Devices, targeting a price of $158. * In a cautious move, an analyst from HSBC downgraded its rating to Reduce, setting a price target of $110. * Reflecting concerns, an analyst from Goldman Sachs lowers its rating to Neutral with a new price target of $129.

Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.

If you want to stay updated on the latest options trades for Advanced Micro Devices, Benzinga Pro gives you real-time options trades alerts.