Investors with a lot of money to spend have taken a bullish 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 31 uncommon options trades for Advanced Micro Devices.
This isn't normal.
The overall sentiment of these big-money traders is split between 54% bullish and 45%, bearish.
Out of all of the special options we uncovered, 5 are puts, for a total amount of $148,600, and 26 are calls, for a total amount of $1,067,166.
Expected Price Movements
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $75.0 to $180.0 for Advanced Micro Devices during the past quarter.
Volume & Open Interest Trends
Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for Advanced Micro Devices's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across Advanced Micro Devices's significant trades, within a strike price range of $75.0 to $180.0, over the past month.
Advanced Micro Devices Option Activity Analysis: Last 30 Days
Noteworthy Options Activity:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| AMD | CALL | TRADE | BEARISH | 02/16/24 | $175.00 | $88.5K | 14.3K | 8.0K |
| AMD | CALL | TRADE | BULLISH | 02/16/24 | $177.50 | $53.4K | 6.9K | 154 |
| AMD | CALL | SWEEP | BEARISH | 02/09/24 | $170.00 | $53.0K | 16.3K | 13.1K |
| AMD | CALL | SWEEP | BULLISH | 02/09/24 | $170.00 | $51.0K | 16.3K | 22.8K |
| AMD | CALL | TRADE | BEARISH | 02/16/24 | $175.00 | $50.0K | 14.3K | 4.9K |
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.
Where Is Advanced Micro Devices Standing Right Now?
- With a trading volume of 7,811,791, the price of AMD is up by 0.97%, reaching $171.0.
- Current RSI values indicate that the stock is may be approaching overbought.
- Next earnings report is scheduled for 81 days from now.
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.
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