Deep-pocketed investors have adopted a bullish approach towards Advanced Micro Devices AMD, and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in AMD usually suggests something big is about to happen.
We gleaned this information from our observations today when Benzinga's options scanner highlighted 35 extraordinary options activities for Advanced Micro Devices. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 65% leaning bullish and 14% bearish. Among these notable options, 16 are puts, totaling $1,369,153, and 19 are calls, amounting to $2,358,178.
Projected Price Targets
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $85.0 to $230.0 for Advanced Micro Devices over the last 3 months.
Volume & Open Interest Development
Looking at the volume and open interest is a powerful move while trading options. 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 trades within a strike price range from $85.0 to $230.0 in the last 30 days.
Advanced Micro Devices Option Activity Analysis: Last 30 Days
Noteworthy Options Activity:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| AMD | CALL | SWEEP | NEUTRAL | 01/16/26 | $37.25 | $37.15 | $37.15 | $100.00 | $1.4M | 8.1K | 3.1K |
| AMD | PUT | SWEEP | BULLISH | 06/20/25 | $71.75 | $71.6 | $71.6 | $190.00 | $400.9K | 1.7K | 56 |
| AMD | PUT | TRADE | BULLISH | 12/20/24 | $21.75 | $21.55 | $21.61 | $140.00 | $252.8K | 3.7K | 1 |
| AMD | PUT | SWEEP | BEARISH | 03/21/25 | $17.55 | $17.5 | $17.55 | $130.00 | $93.0K | 15.2K | 302 |
| AMD | CALL | TRADE | NEUTRAL | 06/18/26 | $22.15 | $21.8 | $22.0 | $150.00 | $88.0K | 3.5K | 44 |
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.
Present Market Standing of Advanced Micro Devices
- Trading volume stands at 29,364,681, with AMD's price up by 0.98%, positioned at $120.04.
- RSI indicators show the stock to be is currently neutral between overbought and oversold.
- Earnings announcement expected in 39 days.
Professional Analyst Ratings for Advanced Micro Devices
Over the past month, 3 industry analysts have shared their insights on this stock, proposing an average target price of $164.33333333333334.
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. * An analyst from Morgan Stanley persists with their Equal-Weight rating on Advanced Micro Devices, maintaining a target price of $158. * An analyst from B of A Securities has revised its rating downward to Neutral, adjusting the price target to $155. * Maintaining their stance, an analyst from Mizuho continues to hold a Outperform rating for Advanced Micro Devices, targeting a price of $180.
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.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
