On Friday October 3rd, options flow was lit up with aggressive call buying in AMD (Advanced Micro Devices) — and the timing couldn’t have been better.
The following Monday, AMD and OpenAI announced a strategic partnership to deploy 6 gigawatts of AMD GPUs for AI infrastructure. The news sent AMD shares surging over 30%, and traders who caught the move early saw some huge returns. Full press release is here.
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Unusual Options Flow Before the News
On October 3rd, Bullflow detected a wave of bullish options sweeps in near-dated $185 strike calls expiring October 17th, 2025. These were out-of-the-money (OTM) trades meaning traders were betting on a quick upside move. Throughout the week, there was consistent unusual bullish call activity on $AMD across multiple contracts.
Here’s a snapshot of what the Bullflow scanner picked up:
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📈 The Aftermath
The results speak for themselves. Some of these contracts exploded by more than +3000%, and some trades showed +6000%+ returns if these contracts had been held until expiration.
These weren’t small retail orders either. Most sweeps hit the ask side, signaling aggressive buying, with trade sizes reaching 1,000+ contracts in some cases. A total of $959k in Call premium went into these contracts.
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Why This Matters
The AMD–OpenAI partnership marks a major moment in the AI hardware race. While NVIDIA continues to dominate the GPU market, AMD’s collaboration with OpenAI could signal a strategic shift, potentially leveling the playing field.
Traders clearly had conviction in AMD’s upside potential ahead of the news. Whether it was smart money anticipating the announcement or pure coincidence, the flow was undeniably unusual.
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Takeaway for Traders
This AMD case is a textbook example of why tracking options flow can reveal high-conviction trades before headlines break.
With Bullflow, you can catch these moves in real-time — not after they’ve already made the news.
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Stay Ahead with Bullflow
Bullflow continuously scans and alerts for unusual options activity, helping you identify where the smart money is flowing before major moves happen.
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Disclaimer: This content is for informational purposes only and not financial advice. Options trading involves significant risk and is not suitable for all investors.
