A Closer Look at Advanced Micro Devices's Options Market Dynamics

Investors with significant funds have taken a bullish position in Advanced Micro Devices AMD, a development that retail traders should be aware of.

This was brought to our attention today through our monitoring of publicly accessible options data at Benzinga. The exact nature of these investors remains a mystery, but such a major move in AMD usually indicates foreknowledge of upcoming events.

Today, Benzinga's options scanner identified 9 options transactions for Advanced Micro Devices. This is an unusual occurrence. The sentiment among these large-scale traders is mixed, with 66% being bullish and 33% bearish. Of all the options we discovered, 8 are puts, valued at $372,052, and there was a single call, worth $48,925.

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Predicted Price Range

Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $110.0 to $120.0 for Advanced Micro Devices over the last 3 months.

Volume & Open Interest Development

In today's trading context, the average open interest for options of Advanced Micro Devices stands at 23849.67, with a total volume reaching 1,489.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in Advanced Micro Devices, situated within the strike price corridor from $110.0 to $120.0, throughout the last 30 days.

Advanced Micro Devices Option Activity Analysis: Last 30 Days

Significant Options Trades Detected:

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

• With a volume of 686,026, the price of AMD is down -0.94% at $117.45.
• RSI indicators hint that the underlying stock may be approaching overbought.
• Next earnings are expected to be released in 56 days.

Professional Analyst Ratings for Advanced Micro Devices

Over the past month, 1 industry analysts have shared their insights on this stock, proposing an average target price of $125.0.

• In a cautious move, an analyst from Roth MKM downgraded its rating to Buy, setting a price target of $125.

Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Advanced Micro Devices options trades with real-time alerts from Benzinga Pro.