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Investors with a lot of money to spend have taken a bullish stance on Advanced Micro Devices (NASDAQ:AMD).
And retail traders should know.
We noticed this today when the positions showed up on publicly available options history that we track here at Benzinga.
Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with AMD, it often means somebody knows something is about to happen.
Today, Benzinga's options scanner spotted 11 options trades for Advanced Micro Devices.
This isn't normal.
The overall sentiment of these big-money traders is split between 63% bullish and 27%, bearish.
Out of all of the options we uncovered, there was 1 put, for a total amount of $43,601, and 10, calls, for a total amount of $423,256.
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $155.0 to $200.0 for Advanced Micro Devices during the past quarter.
Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.
This data can help you track the liquidity and interest for Advanced Micro Devices's options for a given strike price.
Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Advanced Micro Devices's whale activity within a strike price range from $155.0 to $200.0 in the last 30 days.
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| AMD | CALL | SWEEP | BEARISH | 06/14/24 | $1.67 | $1.65 | $1.65 | $165.00 | $75.5K | 15.3K | 2.9K |
| AMD | CALL | SWEEP | BULLISH | 06/14/24 | $7.15 | $7.0 | $7.15 | $155.00 | $56.4K | 1.2K | 82 |
| AMD | CALL | SWEEP | BEARISH | 06/14/24 | $2.89 | $2.85 | $2.85 | $160.00 | $47.9K | 5.9K | 2.7K |
| AMD | CALL | TRADE | BULLISH | 07/19/24 | $9.5 | $9.3 | $9.45 | $160.00 | $47.2K | 10.8K | 52 |
| AMD | CALL | SWEEP | NEUTRAL | 06/14/24 | $3.1 | $3.05 | $3.05 | $160.00 | $44.5K | 5.9K | 3.3K |
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.
Following our analysis of the options activities associated with Advanced Micro Devices, we pivot to a closer look at the company's own performance.
A total of 3 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $188.66666666666666.
Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for Advanced Micro Devices with Benzinga Pro for real-time alerts.
Posted In: AMD
