Financial giants have made a conspicuous bullish move on Applied Mat. Our analysis of options history for Applied Mat AMAT revealed 15 unusual trades.
Delving into the details, we found 53% of traders were bullish, while 46% showed bearish tendencies. Out of all the trades we spotted, 2 were puts, with a value of $155,015, and 13 were calls, valued at $758,703.
Predicted Price Range
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $150.0 to $240.0 for Applied Mat over the recent three months.
Insights into Volume & Open Interest
Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for Applied Mat's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across Applied Mat's significant trades, within a strike price range of $150.0 to $240.0, over the past month.
Applied Mat 30-Day Option Volume & Interest Snapshot
Significant Options Trades Detected:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| AMAT | CALL | SWEEP | BULLISH | 02/16/24 | $172.50 | $111.2K | 822 | 70 |
| AMAT | PUT | TRADE | BULLISH | 02/23/24 | $170.00 | $108.5K | 367 | 240 |
| AMAT | CALL | TRADE | NEUTRAL | 03/01/24 | $155.00 | $98.2K | 86 | 60 |
| AMAT | CALL | TRADE | BULLISH | 01/16/26 | $185.00 | $76.8K | 1.8K | 0 |
| AMAT | CALL | SWEEP | BULLISH | 05/17/24 | $170.00 | $75.5K | 859 | 135 |
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.
In light of the recent options history for Applied Mat, it's now appropriate to focus on the company itself. We aim to explore its current performance.
Where Is Applied Mat Standing Right Now?
- Trading volume stands at 2,195,790, with AMAT's price up by 0.15%, positioned at $168.44.
- RSI indicators show the stock to be may be overbought.
- Earnings announcement expected in 10 days.
Professional Analyst Ratings for Applied Mat
Over the past month, 3 industry analysts have shared their insights on this stock, proposing an average target price of $166.66666666666666.
- Maintaining their stance, an analyst from Barclays continues to hold a Underweight rating for Applied Mat, targeting a price of $140.
- Maintaining their stance, an analyst from Raymond James continues to hold a Outperform rating for Applied Mat, targeting a price of $180.
- In a cautious move, an analyst from Cantor Fitzgerald downgraded its rating to Neutral, setting a price target of $180.
Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for Applied Mat with Benzinga Pro for real-time alerts.
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