Smart Money Bets Big on AMD Options – Advanced Micro Devices (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 17 unusual trades.

Digging deeper, we found that 47% of traders were bullish, while 23% were bearish. Of the total trades we detected, 4 were puts worth $177,717 and 13 were calls worth $932,961.

Expected price movements

Given the volume and open interest in these contracts, it appears that the whales have been focusing on the $160.0 to $190.0 price range for advanced micro devices over the last 3 months.

Insights into volume and open interest

In today’s trading context, the average open interest for Advanced Micro Devices options is 8,439.88, with the total volume reaching 50,300.00. The attached chart shows the development of call and put volume and high-value open interest on Advanced Micro Devices, located in the $160.0 to $190.0 strike price corridor, over the last 30 days.

Advanced Micro Device Options Activity Analysis: Last 30 Days

Biggest Options Spotted:

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	BULLISH	06/07/24	$3.55	$3.45	$3.50	$170.00	222.6 thousand dollars	12.2 thousand	1.1 thousand
AMD	CALL	SWEEP	BULLISH	06/07/24	$3.60	$3.50	$3.59	$170.00	215.1 thousand dollars	12.2 thousand	2.9 thousand
AMD	CALL	SWEEP	NEUTRAL	06/07/24	$3.60	$3.55	$3.60	$170.00	83.8 thousand dollars	12.2 thousand	3.5 thousand
AMD	PLACE	SWEEP	BULLISH	31/05/24	$0.85	$0.82	$0.85	$162.50	81.1 thousand dollars	6.8 thousand	3.0 thousand
AMD	CALL	SWEEP	BEARISH	31/05/24	$1.79	$1.76	$1.76	$167.50	76.6 thousand dollars	10.4 thousand	5.5 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.

In light of the recent history of options for Advanced Micro Devices, it is appropriate to focus on the company itself. Our goal is to investigate its current performance.

The current market situation of advanced microdevices

• Trading volume is 5,419,154 and AMD price increased by 0.27% to $165.58.
• RSI indicators show that the stock may be close to overbought.
• Results announcement expected in 61 days.

What experts say about advanced microdevices

Five market experts recently issued ratings on this stock, with a consensus price target of $215.0.

• Consistent with his rating, the Benchmark analyst maintains a Buy rating on Advanced Micro Devices with a $200 price target.
• The Mizuho analyst maintains a Buy rating on Advanced Micro Devices, maintaining a price target of $215.
• Maintaining his stance, the Keybanc analyst continues to maintain an Overweight rating on Advanced Micro Devices, setting the price at $230.
• Maintaining his stance, the Rosenblatt analyst continues to maintain a Buy rating on Advanced Micro Devices, setting the price at $250.
• The Roth MKM analyst maintains a Buy rating on Advanced Micro Devices, maintaining the price target at $180.

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.