20-Year Pro Trader Reveals His "MoneyLine"
Ditch your indicators and use the "MoneyLine". A simple line tells you when to buy and sell without the guesswork. It’s a line on a chart that’s helped Nic Chahine win 83% of his options buys. Here's how he does it.
A whale with a lot of money to spend has taken a noticeably bearish stance on Advanced Micro Devices.
Looking at options history for Advanced Micro Devices (NASDAQ:AMD) we detected 118 strange trades.
If we consider the specifics of each trade, it is accurate to state that 49.15% of the investors opened trades with bullish expectations and 50.85% with bearish.
From the overall spotted trades, 10 are puts, for a total amount of $782,012.00 and 108, calls, for a total amount of $8,105,685.00.
What's The Price Target?
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 $200.0 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 $200.0 in the last 30 days.
Advanced Micro Devices Option Volume And Open Interest Over Last 30 Days
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| AMD | PUT | SWEEP | BULLISH | 06/17/22 | $165.00 | $451.9K | 103 | 459 |
| AMD | CALL | SWEEP | BULLISH | 12/31/21 | $155.00 | $377.8K | 287 | 538 |
| AMD | CALL | SWEEP | BULLISH | 11/19/21 | $155.00 | $290.7K | 22.2K | 25.8K |
| AMD | CALL | SWEEP | BULLISH | 11/19/21 | $150.00 | $170.4K | 19.5K | 10.5K |
| AMD | CALL | SWEEP | BEARISH | 11/19/21 | $155.00 | $165.5K | 22.2K | 23.7K |
Where Is Advanced Micro Devices Standing Right Now?
- With a volume of 35,253,643.00, the price of AMD is up 3.83% at $157.14.
- RSI indicators hint that the underlying stock may be overbought.
- Next earnings are expected to be released in 68 days.
What The Experts Say On Advanced Micro Devices:
- BMO Capital has decided to maintain their Market Perform rating on Advanced Micro Devices, which currently sits at a price target of $120.0.
- Raymond James has decided to maintain their Outperform rating on Advanced Micro Devices, which currently sits at a price target of $140.0.
- Mizuho has decided to maintain their Buy rating on Advanced Micro Devices, which currently sits at a price target of $135.0.
- Deutsche Bank has decided to maintain their Hold rating on Advanced Micro Devices, which currently sits at a price target of $113.0.
- Barclays has decided to maintain their Overweight rating on Advanced Micro Devices, which currently sits at a price target of $135.0.
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 are already an options trader or would like to get started, head on over to Benzinga Pro. Benzinga Pro gives you up-to-date news and analytics to empower your investing and trading strategy.
20-Year Pro Trader Reveals His "MoneyLine"
Ditch your indicators and use the "MoneyLine". A simple line tells you when to buy and sell without the guesswork. It’s a line on a chart that’s helped Nic Chahine win 83% of his options buys. Here's how he does it.
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