Understanding the Intriguing Options Activity of AMD
AMD Options: What Recent Flow Is Telling Us
Large investors have turned noticeably cautious on Advanced Micro Devices (NASDAQ: AMD). The shift shows up in today’s options tape and is worth a closer look. The pattern isn’t typical, and while options flow isn’t a crystal ball, it often flags where informed money thinks the next move could come from.
Today’s Options Flow at a Glance
Tracking public options prints today, we’re seeing sizable positioning in AMD with heavier-than-usual activity. Of the trades observed so far, roughly 44% tilt bullish while about 50% lean bearish. Inside that mix, 10 put contracts were bought for a combined ~$677,466, versus 8 call contracts totaling about ~$699,863. That split—more puts by count, more dollars into calls—speaks to a market feeling out both sides and hedging for uncertainty.
Projected Price Targets for Advanced Micro Devices
What Volume and Open Interest Are Suggesting
Looking at where contracts are clustering by volume and open interest, larger players appear to be bracketing AMD between $105.0 and $150.0 over the recent quarter. Liquidity concentrating around those strikes often signals areas where traders expect reactions, whether as support, resistance, or just busy battlegrounds.
Liquidity Snapshot Right Now
On average, open interest sits at 8077.56 contracts with a total volume of 21,709.00 today. That’s a meaningful level of participation and hints at active positioning as traders adjust to the day’s moves and the broader tape.
Key Options Trades to Watch
A handful of larger tickets help sketch the tone of the session. Here are the biggest AMD options trades spotted in this window:
Largest Options Trades Overview
- Call Option: 12/18/24, Strike Price: $140.00, Sentiment: Bullish, Total Trade Price: $407.8K
- Put Option: 12/20/24, Strike Price: $105.00, Sentiment: Bearish, Total Trade Price: $133.7K
- Put Option: 01/17/25, Strike Price: $130.00, Sentiment: Bearish, Total Trade Price: $112.5K
- Put Option: 12/20/24, Strike Price: $105.00, Sentiment: Bearish, Total Trade Price: $77.0K
- Put Option: 09/13/24, Strike Price: $135.00, Sentiment: Bullish, Total Trade Price: $72.1K
Taken together, these prints show interest at $140 on the upside and repeated attention to $105 and $130 on the downside—consistent with that $105.0–$150.0 range highlighted by open interest and volume.
Company Snapshot: Advanced Micro Devices
Advanced Micro Devices designs digital semiconductors used in PCs, game consoles, data centers, and automotive systems. AMD has long focused on high-performance CPUs and GPUs—the engines inside modern computing—and its chips power major consoles like the Sony PlayStation and Microsoft Xbox. In 2022, AMD acquired Xilinx, a leader in field-programmable gate arrays (FPGAs), to extend its reach into more specialized and flexible computing markets.
Market Check and Near-Term Watchpoints
- Shares trade at $138.93, up 0.56% today.
- RSI sits in a neutral zone—neither overbought nor oversold.
- Next earnings are expected in roughly 49 days.
Options can be powerful but complex. They let traders hedge, fine-tune risk, and express views on direction and timing. That said, they require discipline. Staying close to the data—flow, open interest, and liquidity—helps frame the setup. If you’re tracking AMD, watching how that $105.0–$150.0 corridor evolves may offer useful context for your next decision.
Frequently Asked Questions
Why does today’s flow look more bearish?
Because a larger share of observed trades leaned bearish (about 50% versus 44% bullish), and there were 10 purchased puts totaling roughly $677,466. That’s a clear sign of caution, even as some money still reached for calls.
How active is AMD options trading today?
It’s busy: mean open interest is about 8077.56 contracts, with total volume at 21,709.00. That level of activity suggests active positioning and risk management around current prices.
What price range are traders focusing on?
Based on volume and open interest, larger players appear to be bracketing AMD between $105.0 and $150.0, marking key areas where they expect meaningful trading responses.
Where is the stock right now?
AMD is trading at $138.93, up 0.56% on the day, with RSI reading neutral—neither stretched to the upside nor to the downside.
What can options add for a trader here?
Options can help you hedge or target specific outcomes—direction, timing, and risk—especially in a defined range like $105.0–$150.0. They also carry real risk, so the edge comes from education, sizing, and staying alert to changing flow.
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