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Market Whales and Their Recent Bets on AMD Options

Author: Benzinga Insights | July 03, 2024 09:47am

Whales with a lot of money to spend have taken a noticeably bullish stance on Advanced Micro Devices.

Looking at options history for Advanced Micro Devices (NASDAQ:AMD) we detected 8 trades.

If we consider the specifics of each trade, it is accurate to state that 62% of the investors opened trades with bullish expectations and 12% with bearish.

From the overall spotted trades, 2 are puts, for a total amount of $56,420 and 6, calls, for a total amount of $509,047.

Expected Price Movements

Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $95.0 to $165.0 for Advanced Micro Devices over the recent three months.

Volume & Open Interest Development

In terms of liquidity and interest, the mean open interest for Advanced Micro Devices options trades today is 3498.57 with a total volume of 9,136.00.

In the following chart, we are able to follow the development of volume and open interest of call and put options for Advanced Micro Devices's big money trades within a strike price range of $95.0 to $165.0 over the last 30 days.

Advanced Micro Devices Call and Put Volume: 30-Day Overview

Options Call Chart

Biggest Options Spotted:

Symbol PUT/CALL Trade Type Sentiment Exp. Date Ask Bid Price Strike Price Total Trade Price Open Interest Volume
AMD CALL SWEEP BULLISH 12/18/26 $69.6 $67.6 $69.6 $130.00 $173.9K 80 0
AMD CALL TRADE BULLISH 07/12/24 $68.4 $68.0 $68.24 $95.00 $102.3K 1 0
AMD CALL TRADE NEUTRAL 07/05/24 $68.45 $67.9 $68.14 $95.00 $102.2K 40 0
AMD CALL SWEEP BULLISH 07/05/24 $2.03 $2.02 $2.02 $165.00 $74.2K 16.9K 4.6K
AMD CALL SWEEP NEUTRAL 07/05/24 $2.03 $1.95 $2.01 $165.00 $29.9K 16.9K 4.6K

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.

Present Market Standing of Advanced Micro Devices

  • Currently trading with a volume of 1,489,383, the AMD's price is down by -0.21%, now at $163.97.
  • RSI readings suggest the stock is currently is currently neutral between overbought and oversold.
  • Anticipated earnings release is in 27 days.

Professional Analyst Ratings for Advanced Micro Devices

Over the past month, 2 industry analysts have shared their insights on this stock, proposing an average target price of $188.0.

  • In a cautious move, an analyst from Morgan Stanley downgraded its rating to Equal-Weight, setting a price target of $176.
  • An analyst from Susquehanna has decided to maintain their Positive rating on Advanced Micro Devices, which currently sits at a price target of $200.

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.

Posted In: AMD