Spotlight on Advanced Micro Devices: Analyzing the Surge in Options Activity

Whales with a lot of money to spend have taken a noticeably bullish stance on Advanced Micro Devices.

Looking at options history for Advanced Micro Devices AMD we detected 11 trades.

If we consider the specifics of each trade, it is accurate to state that 72% of the investors opened trades with bullish expectations and 27% with bearish.

From the overall spotted trades, 3 are puts, for a total amount of $121,842 and 8, calls, for a total amount of $337,552.

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 $115.0 and $130.0 for Advanced Micro Devices, spanning the last three months.

Volume & Open Interest Trends

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 $115.0 to $130.0 over the preceding 30 days.

Advanced Micro Devices Option Activity Analysis: Last 30 Days

Biggest Options Spotted:

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.

Current Position of Advanced Micro Devices

• Trading volume stands at 11,625,459, with AMD's price up by 3.83%, positioned at $123.72.
• RSI indicators show the stock to be may be overbought.
• Earnings announcement expected in 69 days.

Professional Analyst Ratings for Advanced Micro Devices

Over the past month, 5 industry analysts have shared their insights on this stock, proposing an average target price of $128.0.

• Consistent in their evaluation, an analyst from UBS keeps a Buy rating on Advanced Micro Devices with a target price of $135.
• Maintaining their stance, an analyst from Wedbush continues to hold a Outperform rating for Advanced Micro Devices, targeting a price of $130.
• In a cautious move, an analyst from Roth MKM downgraded its rating to Buy, setting a price target of $125.
• Consistent in their evaluation, an analyst from Barclays keeps a Overweight rating on Advanced Micro Devices with a target price of $120.
• Maintaining their stance, an analyst from Mizuho continues to hold a Buy rating for Advanced Micro Devices, targeting a 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.