Peter Smith
⬤ AMD options saw a massive surge when a large buyer scooped up close to $1 million worth of call contracts. The trade focused on AMD 240 calls set to expire December 26, 2025. Data from Unusual Whales revealed contract volume jumped to 1,971 while open interest stood at 668, a dramatic spike compared to previous days.
⬤ The contracts traded at an average price around $4.80, with total premium hitting roughly $945,351. Volume charts showed a sharp morning spike, with buying pressure quickly pushing trades above 1,500 contracts within minutes. At the time, AMD stock was trading near $216.86, up 1.22% for the day. The 240 strike sits about 11% above the current stock price, highlighting the bullish bet behind this position.
⬤ Historical data shows prior sessions had far lower volume for this same contract, making today's activity stand out dramatically. Implied volatility held steady in the mid-50% range. With open interest climbing, the spike appears to represent fresh positioning rather than traders simply closing out existing positions.
⬤ Large premium trades on longer-dated calls typically signal shifting expectations around a stock's future performance. While the buyer's exact strategy remains unclear, the trade's size and timing have put AMD's options flow under the spotlight as traders watch for any follow-up activity around this strike or expiration date.
Peter Smith
