Options traders place big bets on AMD ahead of Xilinx acquisition

will be meeting Wednesday to discuss the details of AMD's proposed $35 billion acquisition of Xilinx, which is planned to close by the end of the year.

The big purchase, which has been in the works since October, is designed to help build out AMD's data center capabilities in the years ahead. Options traders are betting that this meeting could get the companies one step closer to their merger.semiconductor ETF has gained 10% in just the last month as supply shortages drive prices higher. In Monday's session, though, plenty of activity was stock-specific, and AMD was a big winner.

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