27% profits every 20 days?
This is what Nic Chahine averages with his options buys. Not selling covered calls or spreads... BUYING options. Most traders don't even have a winning percentage of 27% buying options. He has an 83% win rate. Here's how he does it.
Deep-pocketed investors have adopted a bearish approach towards Advanced Micro Devices (NASDAQ: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 20 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 45% leaning bullish and 55% bearish. Among these notable options, 4 are puts, totaling $203,170, and 16 are calls, amounting to $602,220.
Predicted Price Range
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $125.0 to $200.0 for Advanced Micro Devices over the recent three months.
Insights into Volume & Open Interest
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 $125.0 to $200.0 in the last 30 days.
Advanced Micro Devices 30-Day Option Volume & Interest Snapshot
Significant Options Trades Detected:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| AMD | CALL | SWEEP | NEUTRAL | 04/19/24 | $44.9 | $43.15 | $44.06 | $125.00 | $66.0K | 2.0K | 34 |
| AMD | PUT | SWEEP | NEUTRAL | 05/10/24 | $20.3 | $19.9 | $20.3 | $185.00 | $60.9K | 451 | 111 |
| AMD | PUT | SWEEP | BEARISH | 06/21/24 | $35.85 | $35.55 | $35.73 | $200.00 | $60.7K | 2.1K | 334 |
| AMD | PUT | TRADE | BULLISH | 04/19/24 | $23.25 | $22.55 | $22.6 | $190.00 | $56.5K | 6.3K | 25 |
| AMD | CALL | SWEEP | BULLISH | 04/12/24 | $2.01 | $1.99 | $2.0 | $170.00 | $55.0K | 11.0K | 22.7K |
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, among others. AMD's traditional strength was in central processing units, CPUs, and graphics processing units, or GPUs, 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, or FPGA, leader Xilinx to diversify its business and augment its opportunities in key end markets such as the data center and automotive.
Present Market Standing of Advanced Micro Devices
- With a volume of 7,123,859, the price of AMD is up 0.2% at $167.48.
- RSI indicators hint that the underlying stock may be approaching oversold.
- Next earnings are expected to be released in 19 days.
What Analysts Are Saying About Advanced Micro Devices
A total of 1 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $200.0.
- An analyst from Susquehanna has decided to maintain their Positive rating on Advanced Micro Devices, which currently sits at a price target of $200.
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.
27% profits every 20 days?
This is what Nic Chahine averages with his options buys. Not selling covered calls or spreads... BUYING options. Most traders don't even have a winning percentage of 27% buying options. He has an 83% win rate. Here's how he does it.
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