Looking At Advanced Micro Devices's Recent Unusual Options Activity

Financial giants have made a conspicuous bearish move on Advanced Micro Devices. Our analysis of options history for Advanced Micro Devices AMD revealed 39 unusual trades.

Delving into the details, we found 33% of traders were bullish, while 51% showed bearish tendencies. Out of all the trades we spotted, 10 were puts, with a value of $614,392, and 29 were calls, valued at $2,913,774.

Projected Price Targets

Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $100.0 to $170.0 for Advanced Micro Devices over the recent three months.

Volume & Open Interest Development

In terms of liquidity and interest, the mean open interest for Advanced Micro Devices options trades today is 6917.46 with a total volume of 127,213.00.

In the following chart, we are able to follow the development of volume and open interest of call and put options for Advanced Micro Devices's big money trades within a strike price range of $100.0 to $170.0 over the last 30 days.

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

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. 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.

Present Market Standing of Advanced Micro Devices

• With a volume of 23,391,613, the price of AMD is up 3.31% at $119.93.
• RSI indicators hint that the underlying stock is currently neutral between overbought and oversold.
• Next earnings are expected to be released in 20 days.

Expert Opinions on Advanced Micro Devices

5 market experts have recently issued ratings for this stock, with a consensus target price of $155.4.

Unusual Options Activity Detected: Smart Money on the Move

Benzinga Edge's Unusual Options board spots potential market movers before they happen. See what positions big money is taking on your favorite stocks. Click here for access. * An analyst from Goldman Sachs downgraded its action to Neutral with a price target of $129. * An analyst from Wells Fargo persists with their Overweight rating on Advanced Micro Devices, maintaining a target price of $165. * Maintaining their stance, an analyst from Morgan Stanley continues to hold a Equal-Weight rating for Advanced Micro Devices, targeting a price of $158. * An analyst from Loop Capital downgraded its action to Buy with a price target of $175. * Maintaining their stance, an analyst from Keybanc continues to hold a Overweight rating for Advanced Micro Devices, targeting a price of $150.

Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for Advanced Micro Devices with Benzinga Pro for real-time alerts.