Unpacking the Latest Options Trading Trends in Advanced Micro Devices

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 8 trades.

If we consider the specifics of each trade, it is accurate to state that 25% of the investors opened trades with bullish expectations and 50% with bearish.

From the overall spotted trades, 2 are puts, for a total amount of $172,620 and 6, calls, for a total amount of $270,573.

Predicted Price Range

After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $130.0 and $160.0 for Advanced Micro Devices, spanning the last three months.

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 $130.0 to $160.0 over the preceding 30 days.

Advanced Micro Devices Option Activity Analysis: Last 30 Days

Significant Options Trades Detected:

Symbol PUT/CALL Trade Type Sentiment Exp. Date Ask Bid Price Strike Price Total Trade Price Open Interest Volume
AMD PUT TRADE BEARISH 03/21/25 $25.3 $25.2 $25.3 $160.00 $136.6K 1.7K 0
AMD CALL TRADE NEUTRAL 05/24/24 $5.75 $5.45 $5.6 $150.00 $84.0K 2.2K 0
AMD CALL SWEEP NEUTRAL 05/17/24 $2.52 $2.52 $2.52 $152.50 $50.4K 3.3K 848
AMD CALL SWEEP BEARISH 06/07/24 $3.85 $3.8 $3.85 $160.00 $48.1K 880 608
AMD PUT SWEEP BULLISH 10/18/24 $7.0 $6.0 $6.0 $130.00 $36.0K 2.0K 60

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.

Having examined the options trading patterns of Advanced Micro Devices, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance

Where Is Advanced Micro Devices Standing Right Now?

  • Currently trading with a volume of 5,059,314, the AMD's price is up by 0.35%, now at $152.44.
  • RSI readings suggest the stock is currently is currently neutral between overbought and oversold.
  • Anticipated earnings release is in 78 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 $197.0.

  • An analyst from Wedbush downgraded its action to Outperform with a price target of $200.
  • An analyst from Morgan Stanley persists with their Overweight rating on Advanced Micro Devices, maintaining a target price of $177.
  • Consistent in their evaluation, an analyst from Evercore ISI Group keeps a Outperform rating on Advanced Micro Devices with a target price of $193.
  • Reflecting concerns, an analyst from Evercore ISI Group lowers its rating to Outperform with a new price target of $200.
  • Consistent in their evaluation, an analyst from Mizuho keeps a Buy rating on Advanced Micro Devices with a target price of $215.

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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Posted In: OptionsMarketsBZI-UOA
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