Someone with a lot of money to spend has taken a bearish stance on Advanced Micro Devices AMD.
And retail traders should know.
We noticed this today when the big position showed up on publicly available options history that we track here at Benzinga.
Whether this is an institution or just a wealthy individual, we don't know. But when something this big happens with AMD, it often means somebody knows something is about to happen.
So how do we know what this whale just did?
Today, Benzinga's options scanner spotted 37 uncommon options trades for Advanced Micro Devices.
This isn't normal.
The overall sentiment of these big-money traders is split between 43% bullish and 56%, bearish.
Out of all of the special options we uncovered, 2 are puts, for a total amount of $129,960, and 35 are calls, for a total amount of $1,509,876.
What's The Price Target?
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $65.0 to $105.0 for Advanced Micro Devices over the last 3 months.
Volume & Open Interest Development
In terms of liquidity and interest, the mean open interest for Advanced Micro Devices options trades today is 14736.0 with a total volume of 433,791.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for Advanced Micro Devices's big money trades within a strike price range of $65.0 to $105.0 over the last 30 days.
Advanced Micro Devices Option Volume And Open Interest Over Last 30 Days
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| AMD | CALL | SWEEP | BULLISH | 05/20/22 | $102.00 | $99.9K | 5.7K | 4.0K |
| AMD | CALL | SWEEP | BEARISH | 07/15/22 | $100.00 | $94.5K | 8.2K | 284 |
| AMD | CALL | SWEEP | NEUTRAL | 05/20/22 | $100.00 | $93.5K | 53.4K | 21.1K |
| AMD | CALL | SWEEP | BULLISH | 05/20/22 | $100.00 | $67.8K | 53.4K | 22.4K |
| AMD | PUT | SWEEP | BEARISH | 01/20/23 | $65.00 | $65.7K | 18.2K | 173 |
Where Is Advanced Micro Devices Standing Right Now?
- With a volume of 16,620,637, the price of AMD is up 5.6% at $99.52.
- RSI indicators hint that the underlying stock may be approaching overbought.
- Next earnings are expected to be released in 70 days.
What The Experts Say On Advanced Micro Devices:
- Benchmark has decided to maintain their Buy rating on Advanced Micro Devices, which currently sits at a price target of $125.
- Piper Sandler has decided to maintain their Neutral rating on Advanced Micro Devices, which currently sits at a price target of $98.
- Wells Fargo has decided to maintain their Overweight rating on Advanced Micro Devices, which currently sits at a price target of $140.
- Raymond James upgraded its action to Strong Buy with a price target of $160
- Jefferies has decided to maintain their Buy rating on Advanced Micro Devices, which currently sits at a price target of $147.
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 {d[company_name]}, Benzinga Progives you real-time options trades alerts.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Date of Trade | ticker | Put/Call | Strike Price | DTE | Sentiment |
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