Advanced Micro Devices Options Trading: A Deep Dive into Market Sentiment

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 77 trades.

If we consider the specifics of each trade, it is accurate to state that 48% of the investors opened trades with bullish expectations and 51% with bearish.

From the overall spotted trades, 34 are puts, for a total amount of $2,214,005 and 43, calls, for a total amount of $3,167,326.

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Expected Price Movements

Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $55.0 to $200.0 for Advanced Micro Devices during the past quarter.

Volume & Open Interest Development

In terms of liquidity and interest, the mean open interest for Advanced Micro Devices options trades today is 9148.04 with a total volume of 368,094.00.

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 $55.0 to $200.0 over the last 30 days.

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

Largest Options Trades Observed:

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

• With a volume of 44,320,484, the price of AMD is down -1.65% at $117.9.
• RSI indicators hint that the underlying stock may be approaching overbought.
• Next earnings are expected to be released in 76 days.

What The Experts Say On Advanced Micro Devices

In the last month, 5 experts released ratings on this stock with an average target price of $129.6.

• Consistent in their evaluation, an analyst from UBS keeps a Buy rating on Advanced Micro Devices with a target price of $135.
• An analyst from Keybanc persists with their Overweight rating on Advanced Micro Devices, maintaining a target price of $140.
• An analyst from Morgan Stanley has decided to maintain their Overweight rating on Advanced Micro Devices, which currently sits at a price target of $128.
• Consistent in their evaluation, an analyst from Barclays keeps a Overweight rating on Advanced Micro Devices with a target price of $120.
• An analyst from Roth MKM downgraded its action to Buy with a price target of $125.

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.