Lam Research Unusual Options Activity

Deep-pocketed investors have adopted a bearish approach towards Lam Research LRCX, and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in LRCX usually suggests something big is about to happen.

We gleaned this information from our observations today when Benzinga's options scanner highlighted 19 extraordinary options activities for Lam Research. This level of activity is out of the ordinary.

The general mood among these heavyweight investors is divided, with 47% leaning bullish and 52% bearish. Among these notable options, 7 are puts, totaling $429,678, and 12 are calls, amounting to $2,014,488.

Predicted Price Range

After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $800.0 and $1280.0 for Lam Research, spanning the last three months.

Volume & Open Interest Development

Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in Lam Research's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to Lam Research's substantial trades, within a strike price spectrum from $800.0 to $1280.0 over the preceding 30 days.

Lam Research Call and Put Volume: 30-Day Overview

Biggest Options Spotted:

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.

Where Is Lam Research Standing Right Now?

• With a trading volume of 167,671, the price of LRCX is up by 3.11%, reaching $929.99.
• Current RSI values indicate that the stock is may be approaching overbought.
• Next earnings report is scheduled for 55 days from now.

Professional Analyst Ratings for Lam Research

5 market experts have recently issued ratings for this stock, with a consensus target price of $917.8.

• Maintaining their stance, an analyst from Goldman Sachs continues to hold a Buy rating for Lam Research, targeting a price of $912.
• An analyst from Goldman Sachs persists with their Buy rating on Lam Research, maintaining a target price of $912.
• Consistent in their evaluation, an analyst from Mizuho keeps a Buy rating on Lam Research with a target price of $935.
• Consistent in their evaluation, an analyst from Raymond James keeps a Outperform rating on Lam Research with a target price of $950.
• Consistent in their evaluation, an analyst from Susquehanna keeps a Neutral rating on Lam Research with a target price of $880.

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 Lam Research, Benzinga Pro gives you real-time options trades alerts.