AMD 220 Call Sees 30,513 Contracts Traded—Are Bulls Positioning for More Upside After 5.36% Stock Jump?
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Big Numbers: 30,513 October 220 Calls Traded Amid a 5.36% Stock Surge
AMD shares leaped 5.36% to $222.84 during the morning session, and traders took notice in the options market—especially with the October 10, 2025, 220 Call contract. This single strike accounted for 30,513 contracts, representing 5.2% of AMD’s total options activity by 11:10 AM. The day’s impressive options flow adds another layer to an already strong rally, and the details may signal traders’ shifting sentiment and volatility expectations.
| Option Contract | Volume | % of Total Option Volume | VWAP Trade Price | Implied Volatility (VWIV) | Change in IV vs Prior Day |
|---|---|---|---|---|---|
| Oct-10-25 220 Call | 30,513 | 5.2% | 4.92 | 52.8 | -10.0% |
Volatility Slips Despite Price Rally—IV Drops 10%
What’s surprising isn’t just the high volume—it’s the change in how traders are pricing future movement. Implied volatility for this contract, which tells us what traders expect for AMD’s future swings, actually dropped 10% from the prior day’s close to 52.8 (VWIV). For context, yesterday’s IV stood at 58.6, with today’s action running between a low of 48.6 and a high of 58.6. That drop suggests option traders may be seeing less risk or potential for extreme moves—despite today’s notable 5.36% stock jump.
| Open IV | Low IV | High IV | Last IV |
|---|---|---|---|
| 55.0 | 48.6 | 58.6 | 53.8 |
Retail Leads the Charge: 69% of Volume From Smaller Traders
Breaking down the trade flow, retail participants accounted for 69% of the action on this contract, while 31% was attributed to larger or professional players. The split between contracts bought (51.9%) and sold (48.1%) was almost even, indicating that, while bullish bets are edging ahead, it’s far from a one-sided trade. It’s also worth noting that, given the intraday nature of open interest reporting, we won’t know if today’s heavy trading represented opening new bets or closing existing ones until the next business day.
| Percent Bought | Percent Sold | Large/Pro | Retail |
|---|---|---|---|
| 51.9% | 48.1% | 31% | 69% |
Trade Prices Rocket—Last Trade Hits $6.40 vs. Prior Close of $2.26
The contract’s trading range paints a vivid picture of shifting sentiment: the October 220 call opened at $2.46, quickly touched a low of $1.73 before surging to a high of $7.35. As of the latest trade, the price stood at $6.40—almost triple the previous day’s close of $2.26. Such wide movement in trade prices underscores just how rapidly traders are adjusting their views on AMD’s near-term prospects as the stock climbs above the 220 mark.
| Previous Close | Open | High | Low | Last Price |
|---|---|---|---|---|
| 2.26 | 2.46 | 7.35 | 1.73 | 6.40 |
Key Takeaways: Cooling Volatility Meets Surging Demand—Will the Bulls Keep Charging?
While the AMD October 220 call’s high volume and price jump suggest bullish enthusiasm, the decline in implied volatility tells a subtler story: expectations for dramatic moves are being dialed back, even as retail traders rush in. As always, today’s activity won’t fully show up in open interest data until the next session—so tomorrow’s numbers could reveal whether traders were entering fresh positions or closing out after the stock’s strong move.
Bottom line: This options surge hints at both renewed optimism and some profit-taking. With retail traders driving the action and volatility easing, investors will want to watch whether this marks the start of a new trend—or a high-water mark for near-term bullishness. Either way, AMD’s option tape is flashing plenty of signals worth a second look.
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