Looking At Advanced Micro Devices's Recent Unusual Options Activity

A financial giant has made a conspicuous bearish move on Advanced Micro Devices. Our analysis of options history for Advanced Micro Devices AMD revealed 11 unusual trades. Delving into the details, we found 36% of traders were bullish, while 63% showed bearish tendencies. Out of all the trades we spotted, 6 were puts, with a value of $453,617, and 5 were calls, valued at $248,029.

What's The Price Target?

Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $90.0 to $125.0 for Advanced Micro Devices over the recent three 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 $90.0 to $125.0 in the last 30 days.

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

Largest Options Trades Observed:

Symbol PUT/CALL Trade Type Sentiment Exp. Date Strike Price Total Trade Price Open Interest Volume
AMD PUT SWEEP NEUTRAL 01/19/24 $125.00 $182.5K 1.8K 5
AMD PUT SWEEP BEARISH 06/21/24 $90.00 $100.0K 18.6K 0
AMD CALL SWEEP BULLISH 11/10/23 $100.00 $81.0K 2.2K 4
AMD CALL SWEEP BULLISH 12/15/23 $120.00 $79.6K 26.1K 192
AMD PUT SWEEP BEARISH 01/19/24 $120.00 $60.7K 9.8K 824

Advanced Micro Devices's Current Market Status

  • With a trading volume of 10,558,301, the price of AMD has up by 0.69%, reaching $114.23. Current RSI values indicate that the stock is may be approaching overbought. Next earnings report is scheduled for 83 days from now.

Expert Opinions on Advanced Micro Devices:

  • Consistent in their evaluation, Mizuho keeps a Buy rating on Advanced Micro Devices with a target price of $130.
  • Maintaining their stance, UBS continues to hold a Buy rating for Advanced Micro Devices, targeting a price of $135.
  • Barclays has decided to maintain their Overweight rating on Advanced Micro Devices, which currently sits at a price target of $120.
  • Maintaining their stance, Morgan Stanley continues to hold a Overweight rating for Advanced Micro Devices, targeting a price of $128.
  • Wedbush persists with their Outperform rating on Advanced Micro Devices, maintaining a target price of $130.

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.

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AMDAdvanced Micro Devices Inc
$102.700.98%

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