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 73 trades.
If we consider the specifics of each trade, it is accurate to state that 43% of the investors opened trades with bullish expectations and 56% with bearish.
From the overall spotted trades, 25 are puts, for a total amount of $2,027,419 and 48, calls, for a total amount of $3,063,499.
Predicted Price Range
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $145.0 to $200.0 for Advanced Micro Devices during the past quarter.
Insights into Volume & Open Interest
Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in Advanced Micro Devices's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to Advanced Micro Devices's substantial trades, within a strike price spectrum from $145.0 to $200.0 over the preceding 30 days.
Advanced Micro Devices 30-Day Option Volume & Interest Snapshot
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 | BEARISH | 04/05/24 | $1.47 | $1.46 | $1.47 | $170.00 | $305.9K | 12.7K | 38.6K |
| AMD | CALL | SWEEP | BULLISH | 04/05/24 | $1.84 | $1.8 | $1.8 | $170.00 | $227.6K | 12.7K | 59.3K |
| AMD | CALL | SWEEP | NEUTRAL | 04/05/24 | $1.49 | $1.45 | $1.47 | $170.00 | $187.5K | 12.7K | 38.7K |
| AMD | PUT | SWEEP | NEUTRAL | 04/05/24 | $2.38 | $2.37 | $2.38 | $170.00 | $180.0K | 10.9K | 2.3K |
| AMD | PUT | SWEEP | NEUTRAL | 04/05/24 | $2.31 | $2.26 | $2.31 | $170.00 | $174.7K | 10.9K | 2.9K |
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.
Advanced Micro Devices's Current Market Status
- Currently trading with a volume of 20,170,264, the AMD's price is up by 1.37%, now at $168.11.
- RSI readings suggest the stock is currently may be oversold.
- Anticipated earnings release is in 25 days.
Professional Analyst Ratings for Advanced Micro Devices
Over the past month, 5 industry analysts have shared their insights on this stock, proposing an average target price of $218.0.
- An analyst from Mizuho has decided to maintain their Buy rating on Advanced Micro Devices, which currently sits at a price target of $235.
- An analyst from Cantor Fitzgerald downgraded its action to Overweight with a price target of $190.
- An analyst from DZ Bank has revised its rating downward to Hold, adjusting the price target to $200.
- Maintaining their stance, an analyst from Melius Research continues to hold a Buy rating for Advanced Micro Devices, targeting a price of $265.
- Consistent in their evaluation, an analyst from Susquehanna keeps a Positive rating on Advanced Micro Devices with a target price of $200.
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Advanced Micro Devices options trades with real-time alerts from Benzinga Pro.
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Date of Trade | ticker | Put/Call | Strike Price | DTE | Sentiment |
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