Unusual Advanced Micro Options May 24 – Advanced Micro (NASDAQ:AMD)

Financial giants have made a clear upward move in Advanced Micro Devices. Our analysis of the options history for Advanced Micro Devices (NASDAQ:AMD) revealed 20 unusual trades.

Digging deeper, we found that 60% of traders were bullish, while 40% were bearish. Of the total trades we detected, 6 were puts worth $305,768 and 14 were calls worth $604,898.

What is the target price?

After assessing trading volumes and open interest, it can be seen that the main players in the market are focused on the price range of Advanced Micro Devices over the last three months between $152.5 and $180.0.

Volume and open interest trends

Studying volume and open interest provides key insight into stock research. This information is critical in assessing the liquidity and interest rate levels of Advanced Micro Devices options at specific strike prices. Below is a snapshot of the volume and number of open calls and puts trends in Advanced Micro Devices’ top trades over the past month within the strike price range of $152.50 to $180.00.

Advanced Micro Device Options Activity Analysis: Last 30 Days

Notable Activity Options:

Symbol	MAKE AN APPOINTMENT/CALL	Trade type	Sentiment	To the power of. Date	Ask	Offer	Price	Strike price	Total trading price	Open interest	volume
AMD	CALL	SWEEP	BULLISH	21/06/24	$5.0	$4.9	$4.95	$170.00	148.5 thousand dollars	16.9 thousand	968
AMD	CALL	SWEEP	BEARISH	24/05/24	$2.35	$2.28	$2.29	$160.00	70.0 thousand dollars	7.3 thousand	4.4 thousand
AMD	PLACE	SWEEP	BEARISH	20/12/24	$30.6	$30.45	$30.6	$180.00	61.2 thousand dollars	1.1 thousand	44
AMD	CALL	SWEEP	BEARISH	24/05/24	$2.41	$2.33	$2.33	$160.00	61.0 thousand dollars	7.3 thousand	1.6 thousand
AMD	CALL	TRADE	BULLISH	24/05/24	$2.0	$1.93	$2.0	$160.00	60.0 thousand dollars	7.3 thousand	2.8 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.

The current position of advanced micro devices

• With a trading volume of 5,656,299, AMD’s price rose 1.5% to reach $162.84.
• Current RSI values ​​indicate that the stock may be approaching overbought.
• The next earnings report will be scheduled in 67 days.

What experts say about advanced microdevices

A total of 5 professional analysts have expressed their views on this stock over the last 30 days, setting an average price target of $185.6.

• The Cantor Fitzgerald analyst has decided to maintain his Overweight rating on Advanced Micro Devices, which currently stands at $170.
• The Jefferies analyst decided to maintain a Buy rating on Advanced Micro Devices, which currently stands at a price target of $190.
• The Benchmark analyst decided to maintain a Buy rating on Advanced Micro Devices, which currently stands at a price target of $200.
• Reiterating his stance, the analyst at Evercore ISI Group continues to maintain an “Outperform” rating on Advanced Micro Devices, setting the price at $193.
• Piper Sandler analyst cautiously downgraded the stock to Overweight, setting a price target of $175.

Options trading involves greater risks and potential rewards. Smart investors manage this risk by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay on top of the latest Advanced Micro Devices options trades with real-time alerts from Benzinga Pro.