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Advanced Micro Devices’s Options: A Look at What the Big Money is Thinking

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Financial giants have made a conspicuous bullish move on Advanced Micro Devices. Our analysis of options history for Advanced Micro Devices AMD revealed 16 unusual trades.

Delving into the details, we found 56% of traders were bullish, while 43% showed bearish tendencies. Out of all the trades we spotted, 10 were puts, with a value of $568,077, and 6 were calls, valued at $233,513.

What’s The Price Target?

Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $165.0 to $210.0 for Advanced Micro Devices over the recent three months.

Volume & Open Interest Trends

Looking at the volume and open interest is a powerful move while trading options. 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 trades within a strike price range from $165.0 to $210.0 in the last 30 days.

Advanced Micro Devices 30-Day Option Volume & Interest Snapshot

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Significant Options Trades Detected:

Symbol PUT/CALL Trade Type Sentiment Exp. Date Strike Price Total Trade Price Open Interest Volume
AMD PUT SWEEP BEARISH 02/09/24 $170.00 $142.3K 7.6K 1.9K
AMD PUT SWEEP BULLISH 02/16/24 $170.00 $84.9K 5.5K 556
AMD PUT TRADE BEARISH 03/15/24 $190.00 $62.1K 1.0K 40
AMD CALL SWEEP BULLISH 02/16/24 $172.50 $59.2K 1.8K 103
AMD CALL SWEEP BEARISH 02/09/24 $180.00 $50.4K 21.1K 7.8K

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.

After a thorough review of the options trading surrounding Advanced Micro Devices, we move to examine the company in more detail. This includes an assessment of its current market status and performance.

Where Is Advanced Micro Devices Standing Right Now?

  • Currently trading with a volume of 2,217,703, the AMD’s price is down by -0.73%, now at $172.95.
  • RSI readings suggest the stock is currently may be approaching overbought.
  • Anticipated earnings release is in 84 days.

Expert Opinions on Advanced Micro Devices

Over the past month, 5 industry analysts have shared their insights on this stock, proposing an average target price of $206.0.

  • An analyst from Keybanc has decided to maintain their Overweight rating on Advanced Micro Devices, which currently sits at a price target of $270.
  • An analyst from Cantor Fitzgerald downgraded its action to Overweight with a price target of $190.
  • An analyst from Roth MKM has decided to maintain their Buy rating on Advanced Micro Devices, which currently sits at a price target of $190.
  • An analyst from Susquehanna has decided to maintain their Positive rating on Advanced Micro Devices, which currently sits at a price target of $200.
  • Consistent in their evaluation, an analyst from Goldman Sachs keeps a Buy rating on Advanced Micro Devices with a target price of $180.

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.

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