Advanced Micro Devices Inc. (AMD) is experiencing significant market activity, with its stock price testing the $160 mark. Analysts noted a strong performance, with one trader reporting a gain of $1,500 from a June $135 call option. The stock has seen a notable gap up, and call options are expected to yield substantial returns at market open. The SPX index also showed strong performance, testing near the 5614 target, suggesting a bullish market trend. If the 5600 level holds, it may indicate a potential move towards all-time highs. Overall, the trading environment appears favorable for AMD, with positive sentiment driving price action.