# Advanced Micro Devices (AMD) option traders are pricing in a big move ahead of earnings.

*semiconductor · news · 2026-05-01 · Markets Insider*

## Key points

- AMD option traders are pricing in a 9.5% move, or $55 billion, after earnings.
- The $360 straddle is trading at $34.40, suggesting a post-earnings range of $326 to $395.
- Open interest and trading volume are higher on AMD $360 calls, indicating bullish sentiment.
- Analysts' average AMD price target is $300.04, implying a 16.8% downside from current levels.

**Companies:** Advanced Micro Devices

[Read the full story on Markets Insider](https://markets.businessinsider.com/news/stocks/amd-stock-options-traders-are-pricing-in-a-whopping-55b-price-swing-after-earnings-1036097427)

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