Whales with a lot of money to spend have taken a noticeably bearish stance on Lam Research.
Looking at options history for Lam Research LRCX we detected 10 trades.
If we consider the specifics of each trade, it is accurate to state that 30% of the investors opened trades with bullish expectations and 70% with bearish.
From the overall spotted trades, 3 are puts, for a total amount of $178,823 and 7, calls, for a total amount of $261,529.
Predicted Price Range
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $600.0 to $950.0 for Lam Research over the recent three months.
Insights into Volume & Open Interest
Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.
This data can help you track the liquidity and interest for Lam Research's options for a given strike price.
Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Lam Research's whale activity within a strike price range from $600.0 to $950.0 in the last 30 days.
Lam Research Call and Put Volume: 30-Day Overview
Noteworthy Options Activity:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| LRCX | CALL | SWEEP | BULLISH | 02/16/24 | $940.00 | $94.5K | 202 | 261 |
| LRCX | PUT | SWEEP | BEARISH | 01/16/26 | $600.00 | $86.1K | 43 | 0 |
| LRCX | PUT | SWEEP | NEUTRAL | 02/16/24 | $930.00 | $66.6K | 113 | 6 |
| LRCX | CALL | TRADE | NEUTRAL | 03/15/24 | $915.00 | $30.5K | 54 | 8 |
| LRCX | CALL | TRADE | BEARISH | 03/15/24 | $875.00 | $29.8K | 116 | 0 |
About Lam Research
Lam Research is one of the largest semiconductor wafer fabrication equipment, or WFE, manufacturers in the world. It specializes in the market segments of deposition and etch, which entail the buildup of layers on a semiconductor and the subsequent selective removal of patterns from each layer. Lam holds the top market share in etch and holds the clear cut second share in deposition. It is more exposed to memory chipmakers for DRAM and NAND chips. It counts as top customers the largest chipmakers in the world, including TSMC, Samsung, Intel, and Micron.
Having examined the options trading patterns of Lam Research, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance
Present Market Standing of Lam Research
- With a volume of 133,962, the price of LRCX is up 0.18% at $917.38.
- RSI indicators hint that the underlying stock may be overbought.
- Next earnings are expected to be released in 62 days.
Expert Opinions on Lam Research
5 market experts have recently issued ratings for this stock, with a consensus target price of $934.4.
- An analyst from Citigroup has decided to maintain their Buy rating on Lam Research, which currently sits at a price target of $975.
- An analyst from Goldman Sachs has decided to maintain their Buy rating on Lam Research, which currently sits at a price target of $912.
- Maintaining their stance, an analyst from Raymond James continues to hold a Outperform rating for Lam Research, targeting a price of $950.
- An analyst from Mizuho has decided to maintain their Buy rating on Lam Research, which currently sits at a price target of $935.
- An analyst from Cantor Fitzgerald downgraded its action to Neutral with a price target of $900.
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 Lam Research with Benzinga Pro for real-time alerts.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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