Benzinga | Dec 16, 2021 11:46AM EST

Advanced Micro Devices Whale Trades For December 16

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

Looking at options history for Advanced Micro Devices (NASDAQ:AMD) we detected 20 strange trades.

If we consider the specifics of each trade, it is accurate to state that 55% of the investors opened trades with bullish expectations and 45% with bearish.

From the overall spotted trades, 5 are puts, for a total amount of $289,770 and 15, calls, for a total amount of $1,498,020.

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 $120.0 to $200.0 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 $120.0 to $200.0 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 BEARISH 03/18/ $120.00 $435.1K 4.0K 4.5K 22AMD CALL SWEEP NEUTRAL 01/21/ $185.00 $215.3K 10.8K 916 22AMD CALL TRADE BULLISH 12/17/ $147.00 $175.9K 8.1K 3.1K 21AMD CALL SWEEP NEUTRAL 03/18/ $120.00 $175.1K 4.0K 4.7K 22AMD PUT SWEEP BULLISH 03/18/ $150.00 $144.1K 1.0K 79 22

Where Is Advanced Micro Devices Standing Right Now?

* With a volume of 12,651,725.00, the price of AMD is down -2.68% at $142.58.

* RSI indicators hint that the underlying stock is currently neutral between overbought and oversold.

* Next earnings are expected to be released in 40 days.

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.