Options Trading: Advanced Micro Devices's Smart Money Trades For October 07

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Today, Benzinga‘s options scanner spotted 69 uncommon options trades for Advanced Micro Devices. The overall sentiment shows 56.52% of the big-money traders are bullish on the stock and 43.48%, bearish. Out of all of the special options found by our algorithm, 13 are puts, for a total amount of $2,803,343 and 56, calls, for a total amount of $5,537,236.

What’s The Price Target?

Taking into account the Volume and Open Interest on these contracts, it appears that the smart money is targeting a price range from $90.0 to $155.0 for Advanced Micro Devices in the 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 smart money trades within a strike price range from $90.0 to $155.0 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 PUT TRADE BEARISH 01/20/23 $100.00 $2.2M 4.1K 1.5K
AMD CALL SWEEP BULLISH 10/15/21 $100.00 $577.5K 10.0K 1.8K
AMD CALL SWEEP NEUTRAL 10/08/21 $100.00 $361.7K 2.9K 1.1K
AMD CALL SWEEP BULLISH 10/15/21 $97.50 $294.0K 3.5K 810
AMD CALL TRADE BEARISH 11/19/21 $95.00 $274.0K 3.2K 404

Where Is Advanced Micro Devices Standing Right Now?

  • With a volume of 20,624,468, the price of AMD is up 3.84% over the last 24 hours at $107.62.
  • RSI indicators hint that the underlying stock may be approaching overbought.
  • Next earnings are expected to be released in 19 days.

What The Experts Say On Advanced Micro Devices:

  • Piper Sandler has decided to maintain their Overweight rating on Advanced Micro Devices, which currently sits at a price target of $120.0.

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.