Benzinga | Oct 27, 2021 12:29PM EDT

Looking At Advanced Micro Devices's Recent Whale Trades

Someone with a lot of money to spend (and possibly insider knowledge) has taken a bearish stance on Advanced Micro Devices(NASDAQ:AMD).

And retail traders should know.

We noticed this today when the big position showed up on publicly available options history that we track here at Benzinga.

Whether this is an institution or just a wealthy individual, we don't know. But when something this big happens with AMD, it often means somebody knows something is about to happen.

So how do we know what this whale just did?

Today, Benzinga's options scanner spotted 157 uncommon options trades for Advanced Micro Devices.

This isn't normal.

The overall sentiment of these big-money traders is split between 43.31% bullish and 56.69%, bearish.

Out of all of the special options we uncovered, 15 are puts, for a total amount of $1,815,010, and 142 are calls, for a total amount of $9,076,073.

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 $90.0 to $145.0 for Advanced Micro Devices over the last 3 months.

Volume & Open Interest Development

In terms of liquidity and interest, the mean open interest for Advanced Micro Devices options trades today is 10008.62 with a total volume of 1,835,187.

In the following chart, we are able to follow the development of volume and open interest of call and put options for Advanced Micro Devices's big money trades within a strike price range of $90.0 to $145.0 over the last 30 days.

Advanced Micro Devices Option Volume And Open Interest Over Last 30 Days

Biggest Options Spotted:

Symbol PUT/ Trade Sentiment Exp. Strike Total Trade Open Volume CALL Type Date Price Price InterestAMD CALL SWEEP BEARISH 11/19/ $119.00 $614.2K 2.9K 2.4K 21AMD CALL SWEEP BULLISH 11/19/ $125.00 $493.3K 17.8K 5.5K 21AMD PUT SWEEP BULLISH 10/29/ $130.00 $250.8K 448 3.2K 21AMD CALL SWEEP BEARISH 11/19/ $135.00 $159.1K 14.7K 6.0K 21AMD CALL SWEEP BULLISH 11/19/ $120.00 $143.6K 30.4K 5.6K 21

Where Is Advanced Micro Devices Standing Right Now?

* With a volume of 57,351,041, the price of AMD is up 1.74% at $125.07.

* RSI indicators hint that the underlying stock may be overbought.

* Next earnings are expected to be released in 90 days.

What The Experts Say On Advanced Micro Devices:

* Raymond James has decided to maintain their Outperform rating on Advanced Micro Devices, which currently sits at a price target of $140.0.

* Mizuho has decided to maintain their Buy rating on Advanced Micro Devices, which currently sits at a price target of $135.0.

* Rosenblatt has decided to maintain their Buy rating on Advanced Micro Devices, which currently sits at a price target of $180.0.

* Barclays has decided to maintain their Overweight rating on Advanced Micro Devices, which currently sits at a price target of $135.0.

* BMO Capital has decided to maintain their Market Perform 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.

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