AMD’s Oct-10-25 240 Call Sees 8,739 Contracts Traded—Institutional Activity and 114% IV Jump Signal Bold Bets on Upside
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AMD’s options market is lighting up this morning, with the Oct-10-25 240 call contract clocking a hefty 8,739 contracts in volume by 9:56 AM—3.2% of all AMD option trades so far today. With implied volatility more than doubling, what are traders seeing, and should investors take note of this high-conviction action?
Massive 33.72% Stock Surge Sets the Stage
AMD shares are trading at $220.20, up a striking 33.72% (a $55.53 gain) in early market hours. The size of this rally provides key context for the explosive action in call options—and hints that bullish bets are getting more aggressive.
114% Implied Volatility Spike Points to Big Expectations
The Oct-10-25 240 call isn’t just the most active AMD option—it’s also at the center of an implied volatility eruption. Today’s VWAP implied volatility stands at 95.8, soaring 114.1% from the previous day’s close of 44.7. Intraday IV readings ranged from a low of 83.8 to a peak of 109.4, ending at 88.6. These levels suggest traders are bracing for outsized moves in AMD’s price trajectory—potentially anticipating even greater swings ahead.
| Contract | Volume | VWAP ($) | Open Interest | % of Total Volume | Implied Volatility (VWAP) | Change from Previous IV |
|---|---|---|---|---|---|---|
| Oct-10-25 240 Call | 8,739 | 4.74 | 209 | 3.2% | 95.8 | 114.1% |
80% of Contracts Bought—Institutional Bulls Dominate
Trade flow data reveals that 80.9% of today’s activity in the Oct-10-25 240 call was on the buy side, while only 19.1% were sells. What’s more, 80% of volume appears to come from larger, institutional trades—leaving just 20% to smaller, likely retail, participants. This strong institutional interest amplifies the message: professional traders are aggressively positioning for more upside in AMD, or hedging against big market-moving news.
Technical Indicators Flash Bullish as Momentum Builds
The underlying rally, coupled with outsized call buying and rapidly rising implied volatility, skews sentiment bullish. Though it’s impossible to know if these are fresh speculative positions or existing bets being rolled or closed, the current order flow and momentum point to continued enthusiasm for further gains. Keep in mind, open interest stood at just 209 contracts as of this morning and won’t reflect today’s flurry until the next settlement cycle.
Key Takeaway: Are Big Bets on AMD Just Getting Started?
Today’s explosive activity in AMD’s Oct-10-25 240 calls—aided by a stock surge and a historic IV jump—signals that big money is wagering on even more volatility ahead. While only time (and the next open interest update) will tell if these are net new positions, one thing is clear: AMD has the market’s attention. Traders and investors may want to watch closely as momentum, volatility, and institutional interest collide at these levels. Is this the beginning of an even bigger run, or are traders hedging a potential reversal? Stay tuned—tomorrow’s open interest and price action may reveal more clues.
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