Whales with a lot of money to spend have taken a noticeably bearish stance on KLA.
Looking at options history for KLA KLAC we detected 13 trades.
If we consider the specifics of each trade, it is accurate to state that 46% of the investors opened trades with bullish expectations and 53% with bearish.
From the overall spotted trades, 9 are puts, for a total amount of $594,995 and 4, calls, for a total amount of $249,505.
What's The Price Target?
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $500.0 and $700.0 for KLA, spanning the last three months.
Analyzing Volume & Open Interest
In terms of liquidity and interest, the mean open interest for KLA options trades today is 34.44 with a total volume of 549.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for KLA's big money trades within a strike price range of $500.0 to $700.0 over the last 30 days.
KLA Option Activity Analysis: Last 30 Days
Significant Options Trades Detected:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| KLAC | PUT | SWEEP | BEARISH | 04/19/24 | $660.00 | $144.9K | 41 | 106 |
| KLAC | CALL | TRADE | BULLISH | 03/15/24 | $500.00 | $98.1K | 46 | 1 |
| KLAC | CALL | TRADE | BEARISH | 09/20/24 | $630.00 | $90.4K | 107 | 8 |
| KLAC | PUT | SWEEP | BEARISH | 03/15/24 | $695.00 | $89.8K | 21 | 234 |
| KLAC | PUT | TRADE | BEARISH | 06/20/25 | $570.00 | $77.8K | 6 | 37 |
About KLA
KLA is one of the largest semiconductor wafer fabrication equipment, or WFE, manufacturers in the world. It specializes in the market segment of semiconductor process control, wherein machines inspect semiconductor wafers during research and development and manufacturing for defects and verify precise measurements. In this section of the market, KLA holds a majority share. It also has a small exposure to the etch and deposition segments of the WFE market. It counts as top customers the largest chipmakers in the world, including TSMC and Samsung.
KLA's Current Market Status
- Trading volume stands at 933,402, with KLAC's price up by 0.53%, positioned at $692.33.
- RSI indicators show the stock to be may be approaching overbought.
- Earnings announcement expected in 41 days.
Expert Opinions on KLA
In the last month, 5 experts released ratings on this stock with an average target price of $697.0.
- In a cautious move, an analyst from Cantor Fitzgerald downgraded its rating to Neutral, setting a price target of $625.
- An analyst from Cantor Fitzgerald has revised its rating downward to Neutral, adjusting the price target to $625.
- An analyst from Cantor Fitzgerald has revised its rating downward to Neutral, adjusting the price target to $625.
- Maintaining their stance, an analyst from B of A Securities continues to hold a Buy rating for KLA, targeting a price of $850.
- Consistent in their evaluation, an analyst from UBS keeps a Neutral rating on KLA with a target price of $760.
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 KLA, Benzinga Pro gives you real-time options trades alerts.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
