Advanced Micro Devices Unusual Options Activity

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

Looking at options history for Advanced Micro Devices AMD we detected 35 trades.

If we consider the specifics of each trade, it is accurate to state that 51% of the investors opened trades with bullish expectations and 48% with bearish.

From the overall spotted trades, 6 are puts, for a total amount of $271,977 and 29, calls, for a total amount of $3,443,565.

What's The Price Target?

After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $50.0 and $145.0 for Advanced Micro Devices, spanning the last three months.

Insights into Volume & Open Interest

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 $50.0 to $145.0 in the last 30 days.

Advanced Micro Devices Call and Put Volume: 30-Day Overview

Largest Options Trades Observed:

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.

In light of the recent options history for Advanced Micro Devices, it's now appropriate to focus on the company itself. We aim to explore its current performance.

Current Position of Advanced Micro Devices

• With a volume of 19,779,105, the price of AMD is up 2.92% at $139.98.
• RSI indicators hint that the underlying stock may be approaching overbought.
• Next earnings are expected to be released in 25 days.

What The Experts Say On Advanced Micro Devices

5 market experts have recently issued ratings for this stock, with a consensus target price of $162.4.

• An analyst from Stifel downgraded its action to Buy with a price target of $145.
• An analyst from Keybanc has decided to maintain their Overweight rating on Advanced Micro Devices, which currently sits at a price target of $170.
• Consistent in their evaluation, an analyst from Raymond James keeps a Strong Buy rating on Advanced Micro Devices with a target price of $140.
• An analyst from Rosenblatt has revised its rating downward to Outperform, adjusting the price target to $200.
• Consistent in their evaluation, an analyst from Goldman Sachs keeps a Buy rating on Advanced Micro Devices with a target price of $157.

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.