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

Benzinga's options scanner has just identified more than 10 option transactions on Advanced Micro Devices AMD, with a cumulative value of $427,007. Concurrently, our algorithms picked up 4 puts, worth a total of 170,509.

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 $110.0 and $125.0 for Advanced Micro Devices, spanning the last three months.

Analyzing Volume & Open Interest

Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for Advanced Micro Devices's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across Advanced Micro Devices's significant trades, within a strike price range of $110.0 to $125.0, over the past month.

Advanced Micro Devices Option Activity Analysis: Last 30 Days

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.

In light of the recent options history for Advanced Micro Devices, it's now appropriate to focus on the company itself. We aim to explore its current performance.

Advanced Micro Devices's Current Market Status

• Currently trading with a volume of 6,987,177, the AMD's price is down by -0.04%, now at $119.78.
• RSI readings suggest the stock is currently may be approaching overbought.
• Anticipated earnings release is in 74 days.

Expert Opinions on Advanced Micro Devices

5 market experts have recently issued ratings for this stock, with a consensus target price of $119.6.

• Maintaining their stance, an analyst from Raymond James continues to hold a Strong Buy rating for Advanced Micro Devices, targeting a price of $125.
• Maintaining their stance, an analyst from Barclays continues to hold a Overweight rating for Advanced Micro Devices, targeting a price of $120.
• An analyst from Roth MKM downgraded its action to Buy with a price target of $125.
• An analyst from Truist Securities has decided to maintain their Hold rating on Advanced Micro Devices, which currently sits at a price target of $98.
• Maintaining their stance, an analyst from Wedbush continues to hold a Outperform rating for Advanced Micro Devices, targeting a price of $130.

Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for Advanced Micro Devices with Benzinga Pro for real-time alerts.