Advanced Micro Devices's Options: A Look at What the Big Money is Thinking

Whales with a lot of money to spend have taken a noticeably bearish stance on Advanced Micro Devices.

Looking at options history for Advanced Micro Devices AMD we detected 34 trades.

If we consider the specifics of each trade, it is accurate to state that 41% of the investors opened trades with bullish expectations and 58% with bearish.

From the overall spotted trades, 8 are puts, for a total amount of $286,321 and 26, calls, for a total amount of $1,862,477.

Predicted Price Range

Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $130.0 to $360.0 for Advanced Micro Devices over the recent three months.

Analyzing Volume & Open Interest

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 $130.0 to $360.0 in the last 30 days.

Advanced Micro Devices Call and Put Volume: 30-Day Overview

Biggest Options Spotted:

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.

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 7,082,136, with AMD's price up by 0.89%, positioned at $212.51.
• RSI indicators show the stock to be may be overbought.
• Earnings announcement expected in 54 days.

What The Experts Say On Advanced Micro Devices

Over the past month, 5 industry analysts have shared their insights on this stock, proposing an average target price of $203.0.

• An analyst from Mizuho persists with their Buy rating on Advanced Micro Devices, maintaining a target price of $200.
• An analyst from DZ Bank downgraded its action to Hold with a price target of $200.
• An analyst from Barclays persists with their Overweight rating on Advanced Micro Devices, maintaining a target price of $235.
• In a cautious move, an analyst from Cantor Fitzgerald downgraded its rating to Overweight, setting a price target of $190.
• In a cautious move, an analyst from Cantor Fitzgerald downgraded its rating to Overweight, setting a price target of $190.

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.