Benzinga | Nov 16, 2021 12:57PM EST

Looking At Advanced Micro Devices's Recent Whale Trades

A whale with a lot of money to spend has taken a noticeably bearish stance on Advanced Micro Devices.

Looking at options history for Advanced Micro Devices (NASDAQ:AMD) we detected 83 strange trades.

If we consider the specifics of each trade, it is accurate to state that 43.37% of the investors opened trades with bullish expectations and 56.63% with bearish.

From the overall spotted trades, 17 are puts, for a total amount of $1,293,701 and 66, calls, for a total amount of $4,653,815.

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 $75.0 to $175.0 for Advanced Micro Devices over the last 3 months.

Volume & Open Interest Development

Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.

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 activity within a strike price range from $75.0 to $175.0 in 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 BULLISH 11/19/ $148.00 $803.2K 8.4K 17.1K 21AMD CALL SWEEP BULLISH 11/19/ $110.00 $205.0K 24.9K 91 21AMD CALL SWEEP BULLISH 11/19/ $152.50 $147.7K 6.8K 20.6K 21AMD CALL SWEEP BULLISH 01/21/ $175.00 $117.6K 4.4K 1.5K 22AMD CALL SWEEP BULLISH 11/19/ $150.00 $116.3K 25.3K 45.9K 21

Where Is Advanced Micro Devices Standing Right Now?

* With a volume of 29,216,440, the price of AMD is up 3.25% at $151.25.

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

* Next earnings are expected to be released in 70 days.

What The Experts Say On Advanced Micro Devices:

* Deutsche Bank has decided to maintain their Hold rating on Advanced Micro Devices, which currently sits at a price target of $113.0.

* Northland Capital Markets downgraded its action to Market Perform with a price target of $120.0

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

* 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.

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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