A whale with a lot of money to spend has taken a noticeably bearish stance on Advanced Micro Devices.
Looking at options history for Advanced Micro Devices (NASDAQ:AMD) we detected 22 strange trades.
If we consider the specifics of each trade, it is accurate to state that 45% of the investors opened trades with bullish expectations and 54% with bearish.
From the overall spotted trades, 5 are puts, for a total amount of $180,742 and 17, calls, for a total amount of $702,171.
What’s The Price Target?
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $85.0 to $120.0 for Advanced Micro Devices over the last 3 months.
Volume & Open Interest Development
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 $85.0 to $120.0 in the last 30 days.
Advanced Micro Devices Option Volume And Open Interest Over Last 30 Days
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| AMD | CALL | SWEEP | BEARISH | 09/01/23 | $108.00 | $93.0K | 7.3K | 13.2K |
| AMD | CALL | SWEEP | BEARISH | 09/01/23 | $105.00 | $88.0K | 9.9K | 10.0K |
| AMD | CALL | SWEEP | BULLISH | 09/15/23 | $120.00 | $49.8K | 27.1K | 1.8K |
| AMD | PUT | SWEEP | BEARISH | 12/15/23 | $85.00 | $46.1K | 5.5K | 50 |
| AMD | CALL | SWEEP | BULLISH | 09/01/23 | $108.00 | $45.2K | 7.3K | 5.9K |
Where Is Advanced Micro Devices Standing Right Now?
- With a volume of 27,351,227, the price of AMD is up 1.03% at $107.01.
- RSI indicators hint that the underlying stock is currently neutral between overbought and oversold.
- Next earnings are expected to be released in 62 days.
What The Experts Say On Advanced Micro Devices:
- Wedbush has decided to maintain their Outperform rating on Advanced Micro Devices, which currently sits at a price target of $155.
- Morgan Stanley downgraded its action to Overweight with a price target of $138
- Susquehanna has decided to maintain their Positive rating on Advanced Micro Devices, which currently sits at a price target of $145.
- JP Morgan has decided to maintain their Neutral rating on Advanced Micro Devices, which currently sits at a price target of $130.
- Rosenblatt downgraded its action to Buy with a price target of $200
Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.
If you want to stay updated on the latest options trades for Advanced Micro Devices, Benzinga Pro gives you real-time options trades alerts.
