What the Options Market Tells Us About Advanced Micro Devices

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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 15 uncommon options trades for Advanced Micro Devices.

This isn't normal.

The overall sentiment of these big-money traders is split between 60% bullish and 40%, bearish.

Out of all of the special options we uncovered, 3 are puts, for a total amount of $119,015, and 12 are calls, for a total amount of $1,043,783.

Projected Price Targets

Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $90.0 to $310.0 for Advanced Micro Devices over the recent three months.

Volume & Open Interest Development

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 $90.0 to $310.0, over the past month.

Advanced Micro Devices 30-Day Option Volume & Interest Snapshot

Options Call Chart

Noteworthy Options Activity:

Symbol PUT/CALL Trade Type Sentiment Exp. Date Ask Bid Price Strike Price Total Trade Price Open Interest Volume
AMD CALL TRADE BEARISH 12/18/26 $5.75 $5.55 $5.6 $310.00 $616.0K 194 1.1K
AMD CALL SWEEP BEARISH 01/16/26 $43.15 $42.65 $42.65 $90.00 $98.0K 846 28
AMD CALL SWEEP BULLISH 01/24/25 $5.0 $4.9 $5.0 $118.00 $50.0K 1.6K 156
AMD PUT TRADE BEARISH 06/20/25 $23.45 $23.35 $23.45 $140.00 $46.9K 7.0K 162
AMD PUT TRADE BULLISH 06/20/25 $23.4 $23.35 $23.35 $140.00 $46.7K 7.0K 256

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 8,855,897, the price of AMD is down -0.51% at $123.12.
  • RSI indicators hint that the underlying stock is currently neutral between overbought and oversold.
  • Next earnings are expected to be released in 12 days.

Professional Analyst Ratings for Advanced Micro Devices

5 market experts have recently issued ratings for this stock, with a consensus target price of $145.8.

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. * Reflecting concerns, an analyst from Loop Capital lowers its rating to Buy with a new price target of $175. * An analyst from Goldman Sachs downgraded its action to Neutral with a price target of $129. * Maintaining their stance, an analyst from Barclays continues to hold a Overweight rating for Advanced Micro Devices, targeting a price of $140. * Reflecting concerns, an analyst from HSBC lowers its rating to Reduce with a new price target of $110. * Maintaining their stance, an analyst from Citigroup continues to hold a Buy rating for Advanced Micro Devices, targeting a price of $175.

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.

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