Advanced Micro Devices's Options Frenzy: What You Need to Know

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 25 trades.

If we consider the specifics of each trade, it is accurate to state that 44% of the investors opened trades with bullish expectations and 44% with bearish.

From the overall spotted trades, 3 are puts, for a total amount of $196,510 and 22, calls, for a total amount of $3,236,993.

Projected Price Targets

Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $100.0 to $300.0 for Advanced Micro Devices during the past quarter.

Volume & Open Interest Trends

In terms of liquidity and interest, the mean open interest for Advanced Micro Devices options trades today is 8163.78 with a total volume of 55,747.00.

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 $100.0 to $300.0 over the last 30 days.

Advanced Micro Devices 30-Day Option Volume & Interest Snapshot

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 BEARISH 02/07/25 $5.5 $5.4 $5.4 $120.00 $1.7M 6.7K 4.2K
AMD CALL TRADE NEUTRAL 01/15/27 $6.05 $5.7 $5.85 $300.00 $438.7K 1.8K 12
AMD CALL SWEEP BULLISH 03/21/25 $5.0 $4.85 $5.0 $130.00 $250.0K 20.7K 500
AMD CALL SWEEP BULLISH 05/16/25 $23.45 $23.05 $23.43 $100.00 $117.2K 9.1K 78
AMD PUT TRADE BEARISH 02/07/25 $24.55 $24.3 $24.55 $143.00 $98.2K 10 40

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. AMD's traditional strength was in central processing units and graphics processing units 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 leader Xilinx to diversify its business and augment its opportunities in key end markets such as 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.

Current Position of Advanced Micro Devices With a trading volume of 10,472,957, the price of AMD is up by 0.4%, reaching $117.82. Current RSI values indicate that the stock is is currently neutral between overbought and oversold. Next earnings report is scheduled for 5 days from now.

Unusual Options Activity Detected: Smart Money on the Move

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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.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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