Deep-pocketed investors have adopted a bullish approach towards Advanced Micro Devices (NASDAQ:AMD), and it’s something market players shouldn’t ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in AMD usually suggests something big is about to happen.
We gleaned this information from our observations today when Benzinga’s options scanner highlighted 206 extraordinary options activities for Advanced Micro Devices. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 43% leaning bullish and 34% bearish. Among these notable options, 45 are puts, totaling $5,221,042, and 161 are calls, amounting to $10,625,110.
Expected Price Movements
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $160.0 to $330.0 for Advanced Micro Devices over the recent three months.
Volume & Open Interest Trends
In today’s trading context, the average open interest for options of Advanced Micro Devices stands at 5474.63, with a total volume reaching 878,037.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in Advanced Micro Devices, situated within the strike price corridor from $160.0 to $330.0, throughout the last 30 days.
Advanced Micro Devices Option Activity Analysis: Last 30 Days
Noteworthy Options Activity:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| AMD | PUT | TRADE | BEARISH | 06/17/27 | $24.1 | $23.85 | $24.05 | $170.00 | $2.4M | 3.9K | 2.1K |
| AMD | PUT | SWEEP | BEARISH | 01/16/26 | $4.5 | $4.45 | $4.5 | $220.00 | $230.3K | 9.1K | 9.6K |
| AMD | PUT | SWEEP | BEARISH | 01/23/26 | $6.9 | $6.8 | $6.9 | $220.00 | $209.1K | 890 | 2.3K |
| AMD | PUT | SWEEP | NEUTRAL | 04/17/26 | $9.4 | $9.25 | $9.35 | $190.00 | $140.2K | 9.3K | 506 |
| AMD | PUT | TRADE | NEUTRAL | 06/17/27 | $24.1 | $23.95 | $24.02 | $170.00 | $132.1K | 3.9K | 798 |
About Advanced Micro Devices
Advanced Micro Devices designs a variety of digital semiconductors for markets such as PCs, gaming consoles, data centers (including artificial intelligence), industrial, and automotive applications. AMD’s traditional strength was in central processing units and graphics processing units used in PCs and data centers. However, AMD is emerging as a prominent player in AI GPUs and related hardware. Additionally, the firm supplies the chips found in prominent game consoles such as the Sony PlayStation and Microsoft Xbox.
Following our analysis of the options activities associated with Advanced Micro Devices, we pivot to a closer look at the company’s own performance.
Advanced Micro Devices’s Current Market Status
- With a volume of 27,368,879, the price of AMD is up 4.92% at $217.9.
- RSI indicators hint that the underlying stock may be approaching overbought.
- Next earnings are expected to be released in 21 days.
Expert Opinions on Advanced Micro Devices
A total of 3 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $279.33.
- An analyst from Keybanc upgraded its action to Overweight with a price target of $270.
- Reflecting concerns, an analyst from China Renaissance lowers its rating to Buy with a new price target of $291.
- An analyst from Truist Securities has decided to maintain their Buy rating on Advanced Micro Devices, which currently sits at a price target of $277.
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.
