A whale with a lot of money to spend has taken a noticeably bullish stance on Advanced Micro Devices.
Looking at options history for Advanced Micro Devices (NASDAQ:AMD) we detected 23 strange trades.
If we consider the specifics of each trade, it is accurate to state that 52% of the investors opened trades with bullish expectations and 47% with bearish.
From the overall spotted trades, 6 are puts, for a total amount of $372,696 and 17, calls, for a total amount of $1,282,019.
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 $110.0 to $140.0 for Advanced Micro Devices over the last 3 months.
Volume & Open Interest Development
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 $110.0 to $140.0 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 | BULLISH | 06/17/22 | $110.00 | $329.9K | 13.0K | 311 |
| AMD | CALL | SWEEP | BULLISH | 06/17/22 | $110.00 | $167.2K | 13.0K | 102 |
| AMD | CALL | SWEEP | BEARISH | 02/25/22 | $122.00 | $106.8K | 266 | 679 |
| AMD | CALL | TRADE | BULLISH | 04/14/22 | $140.00 | $93.8K | 16.2K | 206 |
| AMD | PUT | SWEEP | BULLISH | 03/04/22 | $120.00 | $86.2K | 857 | 138 |
Where Is Advanced Micro Devices Standing Right Now?
- With a volume of 22,832,901, the price of AMD is down -2.66% at $122.42.
- RSI indicators hint that the underlying stock is currently neutral between overbought and oversold.
- Next earnings are expected to be released in 74 days.
What The Experts Say On Advanced Micro Devices:
- Daiwa Capital upgraded its action to Buy with a price target of $150
- Piper Sandler downgraded its action to Neutral with a price target of $130
- Mizuho has decided to maintain their Buy rating on Advanced Micro Devices, which currently sits at a price target of $160.
- Rosenblatt has decided to maintain their Buy rating on Advanced Micro Devices, which currently sits at a price target of $200.
- Raymond James has decided to maintain their Outperform rating on Advanced Micro Devices, which currently sits at a price target of $160.
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 are already an options trader or would like to get started, head on over to Benzinga Pro. Benzinga Pro gives you up-to-date news and analytics to empower your investing and trading strategy.
