Today’s option order flow showed two large AMD call option sweeps with the same strike and expiration. Both trades targeted the $180 strike price with an expiration date of December 19, 2025. The trades were executed near the $170 spot price, with one filled at $12.92 and the other at $12.97 per contract.
The combined premium outlay is notable — around $5.3 million across the two blocks. In terms of order size, the first sweep captured 1,999 contracts and the second 2,102 contracts. This totals just over 4,100 contracts traded. Daily volume and open interest figures were recorded in the 4-5 figure range. This signals very high and healthy levels of liquidity for this call contract on AMD.
Volume and Open Interest Data
Historical data shows notable stability in open interest (OI) for AMD’s $180C 12/19/2025 contracts. OI held steady at 12,958 contracts from September 30th to October 2nd. During this period, daily trading volume remained consistent at 1,182 contracts. This suggests steady interest and liquidity rather than large new inflows or outflows.
The OI change (+148 on Sept 30th) indicates some fresh positions were added earlier, but since then, the open interest has leveled off, reflecting a pause in major accumulation. Meanwhile, the contract price closed at $8.75 with implied volatility around 49.6%. This suggests that while trading activity is steady, the market is consolidating positions rather than aggressively expanding them.
Trade Side Distribution
The trade side distribution for AMD’s $180C 12/19/2025 calls shows a split between bid-side and above-ask activity. 57% ($7.1M) executed at the bid and 43% ($5.3M) executed above the ask. This mix indicates a tug-of-war between sellers hitting the bid and aggressive buyers willing to pay up for contracts.
While the majority flowing to the bid suggests some profit-taking or hedging pressure, the significant portion filled above the ask demonstrates notable conviction from buyers seeking exposure despite higher costs. Overall, this distribution reflects balanced but competitive positioning. Institutions are both offloading contracts and stepping in aggressively to secure upside exposure into AMD calls.
What’s Happening with AMD
Recent events with AMD have centered on significant advancements in artificial intelligence, cloud partnerships, and manufacturing strategy. In the past year, AMD reported record growth with second-quarter 2025 revenue up 32% year-over-year. The surge in revenue was driven by strong demand in the data center segment and successful adoption of its latest MI300 and MI350 AI accelerator chips by major cloud clients.
AMD has also deepened partnerships in the AI space, most notably expanding collaboration with Cohere to enable enterprise deployments of large language models powered by AMD infrastructure. The company recently introduced new products, including the 5th Gen EPYC processors and Radeon RX 9000 series graphics cards. It also unveiled its vision for an open AI ecosystem at its Advancing AI 2025 event.
Additionally, industry reports reveal that AMD and Intel are in early talks about AMD using Intel’s foundry services to manufacture some of its chips—a potential milestone in semiconductor industry collaboration. Market sentiment remains positive, with AMD’s stock more than doubling since April and analysts expressing strong confidence in continued AI-driven growth for the company.
About AMD
Advanced Micro Devices (AMD) is a leading global semiconductor company that designs and develops high-performance computing and graphics products. The company is best known for its CPUs (central processing units), such as the Ryzen line for consumers and EPYC processors for data centers, as well as GPUs (graphics processing units) under the Radeon brand.
AMD serves a wide range of markets, including personal computers, gaming consoles, cloud computing, and artificial intelligence applications. Through innovation in chip architecture and energy efficiency, AMD has positioned itself as a strong competitor to industry giants like Intel and NVIDIA, driving technological advancements that power everything from laptops and servers to advanced gaming systems and AI workloads.
Analys Ratings
| Analyst / Firm | Rating / Stars | Last Updated |
|---|---|---|
| CFRA | ★★★★★ | 09/28/2025 |
| Market Edge | Neutral | 09/29/2025 |
| Argus | खरीदना | 08/06/2025 |
| Morningstar | ★★★ | 09/18/2025 |
| LSEG | Outperform | 10/01/2025 |
| Schwab Equity Ratings | D | 10/02/2025 |
Analyst ratings for AMD are mixed, showing a balance between bullish optimism and cautious neutrality. CFRA has issued the most positive stance with a five-star rating, while Argus maintains a clear Buy rating. LSEG is moderately optimistic, upgrading AMD to Outperform.
On the other hand, Market Edge shifted its view to Neutral from Long, and Morningstar gives AMD an average three-star rating, indicating a fair valuation. Meanwhile, Schwab Equity Ratings is the most bearish, assigning AMD a D rating, reflecting underperformance expectations. Overall, sentiment ranges from strongly bullish to notably cautious, highlighting differing views on AMD’s growth prospects and valuation.
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Disclaimer: Options trading involves significant risk and is not suitable for all investors. You may lose the entire investment, and certain strategies may result in losses exceeding the initial amount invested. Past performance does not guarantee future results. This content is for informational purposes only and should not be considered investment advice. Always consult a financial or tax advisor before making investment decisions.
