Benzinga | Dec 20, 2021 10:56AM EST

What Are Whales Doing With Advanced Micro Devices

Someone with a lot of money to spend 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 21 uncommon options trades for Advanced Micro Devices.

This isn't normal.

The overall sentiment of these big-money traders is split between 33% bullish and 66%, bearish.

Out of all of the special options we uncovered, 7 are puts, for a total amount of $388,535, and 14 are calls, for a total amount of $730,067.

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 $105.0 to $180.0 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 $105.0 to $180.0 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 PUT TRADE BEARISH 01/21/ $145.00 $159.3K 23.5K 189 22AMD CALL SWEEP BEARISH 02/18/ $140.00 $106.4K 13.6K 524 22AMD CALL TRADE NEUTRAL 01/28/ $140.00 $90.7K 1.0K 113 22AMD CALL SWEEP BULLISH 12/31/ $144.00 $87.7K 912 411 21AMD CALL TRADE BULLISH 03/18/ $160.00 $77.9K 5.8K 300 22

Where Is Advanced Micro Devices Standing Right Now?

* With a volume of 12,189,332, the price of AMD is down -1.02% at $136.34.

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

* Next earnings are expected to be released in 36 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.