Applied Mat's Options Frenzy: What You Need to Know

Deep-pocketed investors have adopted a bearish approach towards Applied Mat AMAT, 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 AMAT usually suggests something big is about to happen.

We gleaned this information from our observations today when Benzinga's options scanner highlighted 57 extraordinary options activities for Applied Mat. This level of activity is out of the ordinary.

The general mood among these heavyweight investors is divided, with 38% leaning bullish and 61% bearish. Among these notable options, 8 are puts, totaling $337,620, and 49 are calls, amounting to $2,680,864.

Predicted Price Range

Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $160.0 to $260.0 for Applied Mat over the last 3 months.

Volume & Open Interest Development

In today's trading context, the average open interest for options of Applied Mat stands at 550.55, with a total volume reaching 18,297.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in Applied Mat, situated within the strike price corridor from $160.0 to $260.0, throughout the last 30 days.

Applied Mat 30-Day Option Volume & Interest Snapshot

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.

Having examined the options trading patterns of Applied Mat, 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 Applied Mat

• With a volume of 5,509,640, the price of AMAT is up 4.21% at $198.34.
• RSI indicators hint that the underlying stock may be approaching overbought.
• Next earnings are expected to be released in 84 days.

What Analysts Are Saying About Applied Mat

5 market experts have recently issued ratings for this stock, with a consensus target price of $206.0.

• An analyst from Susquehanna persists with their Neutral rating on Applied Mat, maintaining a target price of $160.
• Consistent in their evaluation, an analyst from B. Riley Securities keeps a Buy rating on Applied Mat with a target price of $220.
• Maintaining their stance, an analyst from UBS continues to hold a Neutral rating for Applied Mat, targeting a price of $185.
• Consistent in their evaluation, an analyst from Needham keeps a Buy rating on Applied Mat with a target price of $240.
• An analyst from Mizuho has decided to maintain their Buy rating on Applied Mat, which currently sits at a price target of $225.

Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Applied Mat options trades with real-time alerts from Benzinga Pro.