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

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Financial giants have made a conspicuous bearish move on Advanced Micro Devices. Our analysis of options history for Advanced Micro Devices AMD revealed 10 unusual trades.

Delving into the details, we found 40% of traders were bullish, while 50% showed bearish tendencies. Out of all the trades we spotted, 5 were puts, with a value of $343,468, and 5 were calls, valued at $265,706.

Predicted Price Range

Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $100.0 to $145.0 for Advanced Micro Devices over the last 3 months.

Volume & Open Interest Development

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 $145.0 in the last 30 days.

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

Options Call Chart

Biggest Options Spotted:

Symbol PUT/CALL Trade Type Sentiment Exp. Date Ask Bid Price Strike Price Total Trade Price Open Interest Volume
AMD PUT TRADE BEARISH 12/20/24 $4.0 $3.95 $4.0 $130.00 $200.0K 17.2K 1.1K
AMD CALL SWEEP BEARISH 12/13/24 $2.42 $2.4 $2.4 $131.00 $124.5K 2.8K 234
AMD CALL SWEEP BEARISH 03/21/25 $11.15 $11.1 $11.1 $135.00 $56.6K 1.8K 210
AMD PUT SWEEP BULLISH 12/13/24 $2.51 $2.49 $2.49 $130.00 $51.7K 7.4K 10.6K
AMD PUT SWEEP BEARISH 01/17/25 $13.45 $13.25 $13.4 $140.00 $34.8K 25.0K 178

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.

Advanced Micro Devices's Current Market Status

  • With a volume of 4,927,576, the price of AMD is down -0.63% at $130.04.
  • RSI indicators hint that the underlying stock may be approaching oversold.
  • Next earnings are expected to be released in 49 days.

Expert Opinions on Advanced Micro Devices

A total of 2 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $167.5.

Turn $1000 into $1270 in just 20 days?

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. * Consistent in their evaluation, an analyst from Mizuho keeps a Outperform rating on Advanced Micro Devices with a target price 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.

Overview Rating:
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Financials Analysis
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