AMD Options Signal Bullish Breakout: Focus on $225 Call OI and AI Catalysts

• AMD surges 3.44% to $221.53, breaking above Bollinger Upper Band ($226.72)
• TD Cowen boosts price target to $290; Microsoft/Siemens auto partnership adds growth vectors
• Call OI spikes at $225, $230, and $235 strikes ahead of Friday expiry

The stock is clearly in a short-term bullish phase, with options data and fundamentals aligning for a potential breakout above $227.15.Bullish Pressure in Options: Calls Outpace Puts at Key Strikes

AMD’s options chain tells a story of aggressive bullish positioning. This Friday’s expiring calls show 11,502 open contracts at the $225 strike—nearly double the nearest competitor at $230 (7,452 OI). The $225 level acts like a gravity well for traders, suggesting a collective bet on a price push above the current intraday high of $227.15.

Meanwhile, puts are quieter but not absent. The largest put OI ($10,047) at $135 feels like a deep-out-of-the-money hedge—more of a floor for extreme scenarios than a near-term concern. The put/call ratio (0.97) is nearly balanced, but the concentration of call OI at $225-$235 strikes implies a clear price target for bulls.

Block trades from October 2025 (like AMD20251017C165) hint at prior positioning, but today’s action is all about near-term momentum. Think of it like a train gaining speed: the calls at $225 are the last car, ready to accelerate if the price breaks through.

News Flow Fuels the Fire: AI and Automotive Catalysts

TD Cowen’s $290 price target isn’t just a number—it’s a signal. The firm’s focus on AMD’s Helios AI platform and MI450 accelerators (launching mid-2026) gives bulls a clear roadmap. Combine that with the Microsoft/Siemens partnership for automotive software development, and you’ve got two engines driving growth.

The stock’s 5.42% surge today reflects this optimism. Analysts are pricing in AI-driven revenue growth, and the market cap ($369.68B) tells us investors are already betting on success. But here’s the catch: if the MI450 launch misses expectations or cloud demand softens, the $214.11 (middle Bollinger Band) becomes critical support.

Actionable Trade Ideas: Calls for Aggressive Bulls, Stock for Balanced Bets

For options traders, the AMD20260102C225 call (expiring this Friday) is a high-conviction play. If the price cracks $227.15 (intraday high), this strike could see explosive gains. A safer alternative? A call spread between $225 and $235 to cap risk while still capturing upside.

Stock traders should consider entry near $218.91 (today’s open) if the price pulls back to test the 30D support range ($214.84–$215.49). A break above $227.15 targets $235, where the 100D moving average ($202.72) gives long-term context. For downside protection, watch the $214.11 middle Bollinger Band—if it breaks, re-evaluate the bullish case.

Bullish Trends Ahead: Positioning for AMD’s AI-Driven Surge

AMD’s options activity and news flow paint a clear picture: the market is pricing in a breakout. The $225 call OI acts as a barometer—hold that level, and the stock could test TD Cowen’s $290 target by mid-year. But don’t ignore the risks: a failed breakout below $214.11 could trigger a retest of the 200D support ($160.10–$163.83).

For now, the data says buy the rumor, sell the news—but only if the price holds. This is a stock on a mission, and the options market is cheering it on.