Applied Mat Options Trading: A Deep Dive into Market Sentiment

Whales with a lot of money to spend have taken a noticeably bullish stance on Applied Mat.

Looking at options history for Applied Mat AMAT we detected 28 trades.

If we consider the specifics of each trade, it is accurate to state that 71% of the investors opened trades with bullish expectations and 28% with bearish.

From the overall spotted trades, 7 are puts, for a total amount of $320,347 and 21, calls, for a total amount of $3,083,111.

Expected Price Movements

Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $125.0 to $195.0 for Applied Mat over the last 3 months.

Volume & Open Interest Development

In terms of liquidity and interest, the mean open interest for Applied Mat options trades today is 578.3 with a total volume of 6,001.00.

In the following chart, we are able to follow the development of volume and open interest of call and put options for Applied Mat's big money trades within a strike price range of $125.0 to $195.0 over the last 30 days.

Applied Mat Option Volume And Open Interest Over Last 30 Days

Biggest Options Spotted:

About Applied Mat

Applied Materials is the largest semiconductor wafer fabrication equipment, or WFE, manufacturer in the world. Applied Materials has a broad portfolio spanning nearly every corner of the WFE ecosystem. Specifically, Applied Materials holds a market share leadership position in deposition, which entails the layering of new materials on semiconductor wafers. It is more exposed to general-purpose logic chips made at integrated device manufacturers and foundries. It counts the largest chipmakers in the world as customers, including TSMC, Intel, and Samsung.

Applied Mat's Current Market Status

• Trading volume stands at 2,903,704, with AMAT's price down by -0.17%, positioned at $166.62.
• RSI indicators show the stock to be may be approaching overbought.
• Earnings announcement expected in 17 days.

What Analysts Are Saying About Applied Mat

A total of 3 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $166.66666666666666.

• Maintaining their stance, an analyst from Barclays continues to hold a Underweight rating for Applied Mat, targeting a price of $140.
• An analyst from Raymond James has decided to maintain their Outperform rating on Applied Mat, which currently sits at a price target of $180.
• Reflecting concerns, an analyst from Cantor Fitzgerald lowers its rating to Neutral with a new price target of $180.

Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.

If you want to stay updated on the latest options trades for Applied Mat, Benzinga Pro gives you real-time options trades alerts.