Spotlight on Advanced Micro Devices: Analyzing the Surge in Options Activity

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 21 trades.

If we consider the specifics of each trade, it is accurate to state that 38% of the investors opened trades with bullish expectations and 61% with bearish.

From the overall spotted trades, 2 are puts, for a total amount of $78,647 and 19, calls, for a total amount of $915,561.

What's The Price Target?

Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $105.0 to $220.0 for Advanced Micro Devices during the past quarter.

Insights into Volume & Open Interest

In today's trading context, the average open interest for options of Advanced Micro Devices stands at 7266.8, with a total volume reaching 81,924.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in Advanced Micro Devices, situated within the strike price corridor from $105.0 to $220.0, throughout the last 30 days.

Advanced Micro Devices Option Activity Analysis: Last 30 Days

Noteworthy Options Activity:

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, among others. AMD's traditional strength was in central processing units, CPUs, and graphics processing units, or GPUs, 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, or FPGA, leader Xilinx to diversify its business and augment its opportunities in key end markets such as the 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

Present Market Standing of Advanced Micro Devices

• Trading volume stands at 19,657,059, with AMD's price down by -0.04%, positioned at $139.09.
• RSI indicators show the stock to be may be overbought.
• Earnings announcement expected in 43 days.

Expert Opinions on Advanced Micro Devices

A total of 5 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $161.4.

• An analyst from B of A Securities has elevated its stance to Buy, setting a new price target at $165.
• An analyst from Rosenblatt downgraded its action to Outperform with a price target of $200.
• Maintaining their stance, an analyst from Goldman Sachs continues to hold a Buy rating for Advanced Micro Devices, targeting a price of $157.
• An analyst from Stifel has revised its rating downward to Buy, adjusting the price target to $145.
• Maintaining their stance, an analyst from Raymond James continues to hold a Strong Buy rating for Advanced Micro Devices, targeting a price of $140.

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.