Advanced Micro Devices's Options Frenzy: What You Need to Know

Financial giants have made a conspicuous bearish move on Advanced Micro Devices. Our analysis of options history for Advanced Micro Devices AMD revealed 589 unusual trades.

Delving into the details, we found 41% of traders were bullish, while 58% showed bearish tendencies. Out of all the trades we spotted, 214 were puts, with a value of $13,045,111, and 375 were calls, valued at $25,421,046.

Predicted Price Range

Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $50.0 to $320.0 for Advanced Micro Devices over the last 3 months.

Volume & Open Interest Development

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 $50.0 to $320.0 in the last 30 days.

Advanced Micro Devices Option Activity Analysis: Last 30 Days

Noteworthy Options Activity:

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.

Following our analysis of the options activities associated with Advanced Micro Devices, we pivot to a closer look at the company's own performance.

Where Is Advanced Micro Devices Standing Right Now?

• Currently trading with a volume of 28,361,180, the AMD's price is down by -1.62%, now at $171.06.
• RSI readings suggest the stock is currently is currently neutral between overbought and oversold.
• Anticipated earnings release is in 70 days.

Expert Opinions on Advanced Micro Devices

A total of 5 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $198.4.

• Reflecting concerns, an analyst from Cantor Fitzgerald lowers its rating to Overweight with a new price target of $190.
• An analyst from Citigroup has decided to maintain their Buy rating on Advanced Micro Devices, which currently sits at a price target of $192.
• An analyst from New Street Research upgraded its action to Buy with a price target of $215.
• An analyst from Susquehanna persists with their Positive rating on Advanced Micro Devices, maintaining a target price of $200.
• Maintaining their stance, an analyst from B of A Securities continues to hold a Buy rating for Advanced Micro Devices, targeting a price of $195.

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.