Someone with a lot of money to spend (and maybe some insider knowledge) took an unusually bullish stance on Advanced micro-systems.
And retail traders should know.
We noticed this today when the prominent position appeared in the history of publicly available options that we follow here at Benzinga.
Whether it’s an institution or just a wealthy individual, we don’t know. But when something so big happens with AMD, it often means that someone knows something is about to happen.
So how do we know what the smart money just did?
Today, Benzinga’s options scanner spotted 14 uncommon option trades for Advanced Micro Devices (NASDAQ: AMD).
It’s not normal.
The general sentiment of these big traders is split between 64.29% bullish and 35.71% bearish.
Of all the special options we discovered, 2 are put options, totaling $ 253,662, and 12 are call options, totaling $ 1,399,216.
What is the target price?
Considering the volume and open interest on these contracts, it appears that smart money is targeting a price range of $ 92.5 to $ 115.0 for advanced micro-devices in the past 3 months.
Development of volume and open interest
Watching volume and open interest is a powerful move when trading options. This data can help you track the liquidity and interest of Advanced Micro Devices options for a given strike price. Below, we can observe the evolution of the volume and open interest of calls and options, respectively, for all smart money transactions of Advanced Micro Devices within a strike price range of 92 , $ 5 to $ 115.0 in the last 30 days.
Volume of advanced micro-device options and open interest in the last 30 days
The biggest options spotted:
|symbol||PLACE / CALL||Type of business||Feeling||Exp. Dated||Strike price||Total trade price||Open interest||Volume|
|AMD||CALL||TRADE||DECREASE||11/19/21||$ 105.00||$ 605.0K||32.3K||1.4K|
|AMD||CALL||TRADE||DECREASE||11/19/21||$ 115.00||$ 62.0K||9.7K||2.7K|
|AMD||CALL||TO SWEEP UP||NEUTRAL||11/19/21||$ 115.00||$ 115.5K||9.7K||2.2K|
|AMD||CALL||TO SWEEP UP||BULLISH||11/19/21||$ 110.00||$ 130.6K||17.3K||335|
|AMD||CALL||TO SWEEP UP||BULLISH||09/24/21||$ 106.00||$ 25.5K||10.7K||2.9K|
Where are the advanced micro-devices currently located?
- With a volume of 19,835,392, AMD’s price is up -0.38% over the last 24 hours to $ 105.74.
- RSI indicators suggest that the underlying stock may be on the verge of being oversold.
- The next results should be published in 32 days.
What the experts say about advanced micro-devices:
- Piper Sandler has decided to maintain its 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 stocks, but they have a higher profit potential. Serious options traders manage this risk by educating themselves daily, increasing and decreasing trades, following more than one indicator, and closely following the markets. If you’re already an options trader or want to get started, head over to Benzinga Pro. Benzinga Pro gives you up-to-date news and analysis to strengthen your investing and trading strategy.