Advanced Micro Device Options Craze: What You Need to Know – Advanced Micro Devices (NASDAQ:AMD)

Investors with a lot of money to spend have taken a bullish stance Advanced Micro Devices (NASDAQ:AMD).

And retail traders should know this.

We saw this today as positions appeared in the publicly available options history we track at Benzinga.

We don’t know whether they are institutions or just wealthy people. But when something this big happens with AMD, it often means someone knows something is about to happen.

Today, Benzinga’s options scanner detected 11 options trades Advanced Micro Devices.

It is not normal.

The overall sentiment of these big-money investors is split between 63% bullish and 27% bearish.

Of all the options we discovered, there was 1 put for a total of $43,601 and 10 calls for a total of $423,256.

Estimated price range

Analyzing the volume and open interest in these contracts, it appears that large players expected a price window for Advanced Micro Devices in the range of $155.0 to $200.0 in the last quarter.

Insights into volume and open interest

Analyzing volume and open interest is an insightful way to conduct stock due diligence.

This data can help you track liquidity and interest in Advanced Micro Devices options at a given strike price.

Below we can observe the evolution of call and put volume and open interest, respectively, for the entire Advanced Micro Devices whaling business in the strike price range of $155.0 to $200.0 over the last 30 days.

Advanced Micro Device Options Activity Analysis: Last 30 Days

Largest option trades observed:

Symbol	SEND/CALL	Trade type	Sentiment	To the power of. Date	Ask	Offer	Price	Strike price	Total trading price	Open interest	volume
AMD	CALL	SWEEP	BEARISH	14/06/24	$1.67	$1.65	$1.65	$165.00	75.5 thousand dollars	15.3 thousand	2.9 thousand
AMD	CALL	SWEEP	BULLISH	14/06/24	$7.15	$7.0	$7.15	$155.00	56.4 thousand dollars	1.2 thousand	82
AMD	CALL	SWEEP	BEARISH	14/06/24	$2.89	$2.85	$2.85	$160.00	47.9 thousand dollars	5.9 thousand	2.7 thousand
AMD	CALL	TRADE	BULLISH	19/07/24	$9.50	$9.3	$9.45	$160.00	47.2 thousand dollars	10.8 thousand	52
AMD	CALL	SWEEP	NEUTRAL	14/06/24	$3.1	$3.05	$3.05	$160.00	44.5 thousand dollars	5.9 thousand	3.3 thousand

About advanced micro devices

Advanced Micro Devices designs a variety of digital semiconductors for markets such as PCs, game consoles, data centers, industrial and automotive applications, among others. AMD’s traditional strength has been in the central processing units, CPUs, and graphics processing units, or GPUs, used in desktop computers and data centers. Additionally, the company supplies chips found in leading game consoles such as Sony PlayStation and Microsoft Xbox. In 2022, the company acquired Xilinx, a leader in field gate programming (FPGA), to diversify its business and expand capabilities in key end markets such as data centers and automotive.

Following our analysis of Advanced Micro Devices’ option activity, we turn our attention to a closer look at the company’s performance.

Where are advanced micro devices currently located?

• With a trading volume of 905,322, AMD’s price increased by 0.03% to reach $160.39.
• Current RSI values ​​indicate that the stock may be approaching overbought.
• The next earnings report will be scheduled in 49 days.

What experts say about advanced microdevices

A total of 3 professional analysts have expressed their opinion on this stock over the last 30 days, setting an average price target of $188.666666666666666.

• The Susquehanna analyst has decided to maintain a positive rating on Advanced Micro Devices, which currently has a price target of $200.
• Maintaining his stance, the Jefferies analyst continues to maintain a Buy rating on Advanced Micro Devices, setting the price at $190.
• Reflecting concerns, the Morgan Stanley analyst downgrades his rating to Equal-Weight, setting a new price target of $176.

Trading options involve more risk, but they also offer the potential for higher returns. Experienced traders minimize this risk through ongoing education, strategic trading adjustments, use of various indicators, and attunement to market dynamics. Stay on top of the latest Advanced Micro Devices options trades with Benzinga Pro for real-time alerts.